This Week In The Economy: US Government Shutdown Averted, Retail Sales End 2023 On A High, Home Sales Lowest In 30 Years, German Economy Struggles

Welcome to a regular snapshot review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

U.S. Congress Agrees To 3rd Stopgap Spending Bill To Avert Govt Shutdown

U.S. lawmakers this week passed legislation that will ensure there is no partial government shutdown this weekend.

now heads to President Biden’s desk for his signature. It pushes two separate funding deadlines to March 1 and 8, respectively.

This follows the recent announcement of an agreement between House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer on 2024's spending levels.