Why the Shutdown Won’t Derail the Economy

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Why the Shutdown Won’t Derail the Economy

Why the Shutdown Won’t Derail the Economy
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Why the Shutdown Won’t Derail the Economy

by DailyTicker 4:31 mins

A debt ceiling crisis has been averted, but what happens now? And what kind of damage has been done to the U.S. economy? The ratings agency Standard & Poor's forecasts that fiscal brinksmanship in Washington has cost the economy $24 billion, or 0.6% of fourth-quarter growth because of reduced government spending. Functions like import inspections, export financing and government permitting were halted as a result of the shutdown.

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