Closedown Trickle-down — Large and Small Businesses Feel the Squeeze
Closedown Trickle-down — Large and Small Businesses Feel the Squeeze (Bloomberg)
As the U.S. government shutdown enters its 11th day, it is starting to affect more than just the food trucks that line the streets of D.C. at lunch time. Businesses of all sizes are starting to feel the pinch as orders requiring U.S. government-approved paperwork remain unfulfilled. A perfect example is the states’ Federal Aviation Administration’s aircraft registration office. It’s closed, meaning orders from companies as large as Airbus to as small as Dassault Aviation SA out of Italy remain unfulfilled. So, in addition to more and more jet-less consumers, you also have investors left hanging in the air.