Wick & Trautwein, LLC
Call Today
Local: 970-237-5694
Toll Free: 866-686-1410

Government budget resolution may improve business climate

It seems cliché to say that politics influences business successes, but sometimes there are instances where there is truth to that notion. The latest vote regarding funding apportionments and the increase of the nation's debt ceiling appears to have saved the national economy from potential disaster, and was met with cautious optimism from the stock market.

The vote ends 16 days of gridlock that resulted in the federal government being shut down. In essence, the government could not function because Congress had not passed any laws authorizing the government to spend any money, which prevented federal agencies from performing a number of functions, including workplace inspections, maintaining national parks, and continuing investigations.

Democrats and Republicans were at odds over the implementation of (and funding of) the Affordable Care Act, which was dubbed Obamacare.

The shutdown not only affected federal employees, it also was a substantial inconvenience to small businesses in Colorado that work with the federal government. These businesses that have contracts with the government would not be paid on time, and would likely have to wait a bit longer for payments.

Nevertheless, as news spread that legislators were talking and were heading towards an accord, stock markets began to pick up steam and essentially erased any losses that occurred when the initial shutdown took place.

With a temporary fix in place, credit markets appear to have stabilized, prospective buyers may avoid rate hikes on car and home loans, and consumer confidence may increase as the holiday season approaches. All of these are solid indicators for Colorado businesses. 

Source: DenverPost.com, Congress votes to end shutdown, avoid US default, October 17, 2013

No Comments

Leave a comment
Comment Information
  • Lead Counsel Rated | LC
  • BBB | Accredited Business
  • 10 Best 2017 Attorney | Client Satisfaction | American Institute Of Family Law Attorneys
  • Preeminent AV | LexisNexis Martindale-Hubbell | PeerReviewRated
  • Best's Client Recommended Insurance Attorneys Listed Over 25 Year
  • Expertise Best car accident Attorneys in fort collins 2018

Fort Collins Office
323 South College Avenue #3
Fort Collins, CO 80524

Toll Free: 866-686-1410
Phone: 970-237-5694
Fax: 970-482-8929
Fort Collins Law Office Map

Estes Park Office
513 Big Thompson Ave
Estes Park, CO 80517

Phone: 970-586-3505
Fax: 970-586-3269
Estes Park Law Office Map

Windsor Office
421 Main Street
Windsor, CO 80535

Toll Free: 866-686-1410
Map & Directions

Review Us
Providing You With The Information You Need To
Make The Right Choices For Your Future

We Take Your Emails Seriously

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy