CLEAN : US budget The US treasury still has

The video discusses the US debt ceiling issue, highlighting that a short-term deal is likely to prevent a default. It clarifies that the October 17th deadline is for a technical default, not a full one, as the US Treasury still has funds. The US government shutdown and delayed deal-making could reduce US GDP by 0.4% in Q4, affecting global growth, especially in China and the eurozone. European companies with US exposure, particularly in construction, housing, retail, and car manufacturing, may face pressure if US growth slows.

What is the predicted outcome regarding the US debt ceiling issue?

• The issue will be ignored until 2015.

• The US will default on its debt.

• A long-term solution will be implemented immediately.

• A short-term deal will be made to avoid default.

What is the significance of the October 17th deadline mentioned in the video?

• It is the deadline for a new budget proposal.

• It is a technical default, not a full default.

• It is the date of a full US default.

• It marks the end of the US fiscal year.

How much money does the US Treasury still have as of the deadline?

• $37 billion

• $50 billion

• $200 billion

• $100 billion

What is the potential impact on US GDP due to the government shutdown and delayed deal?

• An increase of 0.4%

• A decrease of 0.4%

• No impact on GDP

• An increase of 1%

Which industries in Europe might be affected by a slowdown in US growth?

• Construction, housing, retail, and car making

• Technology and finance

• Agriculture and mining

• Healthcare and pharmaceuticals