Enormous toll seen if U.S. government shutdown is extended

10/13/2013 | Reuters

A government shutdown that extends through this month could cost the U.S. economy as much as 1.5 percentage points in growth, according to one economist's estimate. "An interruption longer than one month would likely cause growth to stall in the quarter, and one longer than two months could precipitate another recession," said Mark Zandi, chief economist at Moody's Analytics.

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