VENTURE CAPITAL POST

Discussions between US President Barack Obama and House Speaker John Boehner to finish the budget gridlock besetting the US government.

The EU-US negotiations, already overshadowed by the revelations of former NSA contractor Edward Snowden, now faced even more delays due to the partial deadlock in the US government, said a Reuters report.

Clients of private banks and private equity firms had taken steps to ensure themselves just in case the government shutdown would result to a US default.

A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.

US stocks fell that marked an extended two weeks of losses following the partial shutdown of the US government over budget issues, said a Reuters report.

Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.

Two hours prior to a midnight deadline to avert a US federal shutdown, US stocks closer lower on Monday.

The US Congress had one more day left before ending the budget stalemate as risks were dramatically increased in the first US government shutdown.

A senior official of the Pentagon told Reuters that the US government would be in danger to defaulting weapons contract payments should they halt Egyptian aid.

According to a Reuters report, the US government would likely give its approval for the Smithfield Food Corp. and Shuanghui International Holdings USD4.7 billion deal.

The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.