Just how much will a shutdown, threat of default hurt our economy?

The Capitol during a storm. If the government shuts down, it could set back the economy. (Mark Wilson/Getty Images)


Just how much will a shutdown, threat of default hurt our economy?

A prolonged government shutdown — followed by a potential default on the federal debt — would have economic ripple effects far beyond Washington, upending financial markets, sending the unemployment rate higher and slowing already tepid growth, according to a wide range of economists.A shutdown of a few days might do little damage, but economists, lawmakers and analysts are increasingly bracing for a shutdown that could last for a week or more, given the distance between the two political parties. Such …

View “Just how much will a shutdown, threat of default hurt our economy?” on Spundge

Comments are closed.