With the great uncertainty and consequences surrounding the debt ceiling debate, have companies already suspended or stopped the hiring process?
Company heads nationwide are already speaking out that the uncertainty has already had a negative impact on their business. Uncertainty is the enemy of investment. If there is uncertainty, investors will hold off investments, in the market, in hiring, in equipment, in expansion, etc. and wait until there is more certainty and stability.
It is the certainty that allows them to make decisions based on market conditions. If the market conditions are dynamic the chances that the decisions made will be ideal or poor go up significantly. If markets or the direction of markets and the economy are clear, regardless of performance, companies can plan accordingly.
It appears at this time that company heads will sit this debate out on the sidelines until there is much greater clarity.