Media playback is unsupported on your device

Markets monitor effects of US budget row fallout

1 October 2013 Last updated at 02:54 BST

The US Senate has rejected a budget bill passed by the Republican-led House of Representatives.

It means the US government is still facing an imminent deadline to avert a shutdown of federal services. The shutdown would be the first in the US in 17 years.

Markets in the US and around the world, are also watching closely for the fall-out from any closure of government services, which would also see hundreds of thousands of federal employees on unpaid leave.

Ahead of the deadline, the BBC's Michelle Fleury reports from New York, and says a shutdown could be bad news for the world's financial markets.

Watch more reports on Asia Business Report's website.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.