This week the partial US government shutdown enters a new phase. Already the longest shutdown on record, this week will see a second missed pay check for the federal workers caught up in the standoff. While the US economy and stock markets have so far largely been unaffected, from this point on the effects are likely to be more severe. While many public employees could survive a month, many more will struggle to survive two. Disruption and civil unrest are a real possibility. In an odd asymmetry, congressional staffers are getting paid, while White House staff are not, due to being included in different funding packages. This might hint to which side will eventually cave.
Elsewhere the World Economic Forum kicked off in Davos this week. The format is beginning to look rather tired, billionaires flying in on private jets to discuss inequality and climate change feels rather ridiculous; with the leaders of the USA, China, UK and France among those cancelling their trips, it appears the worlds politicians are feeling the same way. Notable speeches from George Osborne and Tony Blair just add to the sense of irrelevance.
Read what the team at FE consider to be significant over the current week.