FUTURE PRIMATE

S&P: The Shutdown Took $24 Billion Out Of The US Economy

S&P: The Shutdown Took $24 Billion Out Of The US Economy

Harry Reid John Boehner

The ratings agency — which recognizes the Senate deal will be approved — says that the shutdown has taken $24 billion out of the economy and cut 0.6% off of yearly fourth quarter GDP growth.

“If people are afraid that the government policy brinkmanship will resurface again, and with it the risk of another shutdown or worse, they’ll remain afraid to open up their checkbooks. That points to another Humbug holiday season,” S&P wrote in a release.

This entry was published on October 17, 2013 at 12:43 am. It’s filed under Politics and tagged . Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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