Investors were already wary that the delta variant of the coronavirus could hurt the economy, but battles in Washington over a vast spending bill proposed by Democrats and raising the government’s debt limit (to avoid a government shutdown) are compounding concerns, analysts said. Another concern is that the financial issues of a Chinese land developer, Evergrande, are so large that they could not only harm the Chinese economy, but economies elsewhere. The Securities and Exchange Commission issued a bulletin Monday focused on the risks of investing in certain companies that are exposed to China-based businesses. White House Press Secretary Jen Psaki addressed the China concern during her press briefing Monday. “We always are monitoring global markets, obviously from the Department of Treasury primarily, including the assessment of any risk to the U.S. economy, and stand prepared to respond appropriately if needed,” Psaki said.
