People stand in front of the White House on September 30, 2013 in Washington, D.C.
People stand in front of the White House on September 30, 2013 in Washington, D.C. - 
Listen To The Story
Marketplace

The government shutdown continues after Congress failed to reach an agreement over a spending bill Monday night. But now there's a greater worry about the debt ceiling, the deadline for which U.S. Treasury Secretary Jack Lew says will continue to stay October 17. 

David Kelly, Chief Global Strategist at JPMorgan Funds, says markets hate uncertainty and that will weigh on the stock market. He says globally, many economies are growing at the same time, which makes the situation even worse. 

"It's tremendously frustrating that the biggest obstacle right now to stronger U.S. growth is what's happening in Washington," he says. 

David Kelly, Chief Global Strategist at JPMorgan Funds, joins Marketplace's Mark Garrison to discuss. Click the audio player above to hear more. 

As a nonprofit news organization, Marketplace is on a mission that drives what we do every day: to increase economic intelligence across the country. But we can’t do it alone. Become a Marketplace Investor today, in whatever amount you choose, and your donation will go twice as far, thanks to a dollar-for-dollar match from The Kendeda Fund.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Mark Garrison at @GarrisonMark