Thu October 17, 2013
The Cost Of The Partial Government Shutdown
The shutdown cost the economy $24 billion according to research from Standard and Poor’s . Other analysts peg it at a few billion higher or lower. But what is certain is that the shutdown had a major economic impact, curtailing annual growth in the fourth quarter to 2.4 percent , down from 3 percent , according to S&P.
The shutdown is over, for now. The agreement passed by the Congress and signed by the President keeps the government open until January 15. The debt ceiling has been raised through February 7. Jon Talton writes a column on business and the economy for the Seattle Times, he explains what we have gained and lost from the partial government shutdown.
Produced by Amina al-Sadi.
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