How budget showdowns could squeeze the US economy

Associated Press
How budget showdowns could squeeze the US economy

FILE - This Sept. 27, 2013 file photo, President Barack Obama gestures while making a statement regarding the budget fight in Congress and foreign policy challenges in the James Brady Press Briefing Room of the White House in Washington. Unless Congress acts before Tuesday to fund federal spending, some of the government would shut down. Separately, the government will run out of money to pay its bills by late October unless Congress raises the federal borrowing cap. (AP Photo/ Evan Vucci)

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