Market reaction to shutdown is muted today, but won't stay that way for long

U.S. President Barack Obama delivers remarks about the launch of the Affordable Care Act's health insurance marketplaces and the first federal government shutdown in 17 years. House Republicans and Senate Democrats continue to volley legislation back and forth as they battle over a budget to keep the government running and delaying or defunding the ACA. 

Here and abroad, market reaction to the government shutdown that started overnight has mostly been muted. But later this month, the country will hit the debt ceiling. Failure by Congress to raise it would get a much stronger reaction than we're seeing this morning.

Juli Niemann, analyst with Smith, Moore & Company joins Marketplace's Mark Garrison to discuss. Click on the audio player above to hear more.

About the author

Juli Niemann is executive vice-president for research and portfolio management with Smith, Moore and Company.

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