Bloomberg Intelligence
Private Credit, IPOs, and Washington
Nov 28, 2023
Randy Schwimmer discusses the private credit boom, Brianne Lynch explores potential 2024 IPOs, Neil Hennessy shares stock picks and economic outlook, and Jen Flitton discusses Washington's response to Israel and other DC issues.
38:15
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Quick takeaways
- The government has passed a continuing resolution to fund the government into January, avoiding a shutdown threat over the holidays, with key appropriations bills to be negotiated in January, including defense, labor, HHS, homeland, immigration, interior, and environment.
- Investors should closely watch the negotiations on appropriations, executive actions taken by agencies, and key amendment additions to important bills in the next few weeks, as decisions made during this period will have implications for sectors such as defense, cryptocurrency, China outbound investment, AI, and money laundering.
Deep dives
Government Shutdown Unlikely Until January
The government has passed a continuing resolution to fund the government into January, avoiding a shutdown threat over the holidays. Some key appropriations bills will need to be negotiated in January, such as the Agriculture Bill, Energy Bill, Milcon, and A Bill. The more challenging appropriations bills, including defense, labor, HHS, homeland, immigration, interior, and environment, will be dealt with by February. Compromise will be needed, as Democrats and Republicans have different budget numbers. Another potential shutdown situation will emerge in January before the February 2nd deadlines.
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