U.S. Government Shutdown Is Unlikely to Cause an Immediate Recession

U.S. Government Shutdown Is Unlikely to Cause an Immediate Recession

White House and Wall Street estimates suggested the economy could withstand a brief shutdown, with risks mounting the longer it lasts.
The Risks Hidden in Public Pension Funds

The Risks Hidden in Public Pension Funds

Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says.