U.S. Economy Could Withstand One Shock, but Four at Once?

A year of surprisingly strong growth is about to be tested by a strike, the possibility of a government shutdown, student loans and oil prices.

  • U.S. auto workers expanded their strike on Friday with a clear target for distress: dealers who sell and service GM and Stellantis vehicles.
  • With six days until the government runs out of money, House Speaker Kevin McCarthy has a choice to make: Does he risk a shutdown to keep his job or does he cross his Republican hardliners by working with Democrats?
  • Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel.

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