Economic Update: Some Progress But Little Resolution

SP Capital IQ |

In this segment, Standard & Poor’s U.S. Chief Economist Beth Ann Bovino notes that while the government shutdown has ended and the debt ceiling has been raised, we believe that the entire fiasco likely has siphoned an annualized $24 billion out of the economy in the fourth quarter. We face the same issues again in a few months, with all the uncertainty leading up to it.

 

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