Voice of America: Nobel Economist: Washington Dysfunction Carries Heavy Price Tag

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Nobel Economist: Washington Dysfunction Carries Heavy Price Tag Oct 17th 2013, 23:50, by webdesk@voanews.com (Mil Arcega) Many people are breathing a sigh of relief after the U.S. Congress reached a last minute agreement to end the fiscal stalemate.  But relief carries a large price tag.  The credit ratings agency Standard and Poor's estimates that the 16-day shutdown took $24 billion out of the economy and shaved more than half a percent from fourth quarter GDP growth.  But Yale University professor and Nobel Laureate Robert Shiller says the damage goes beyond dollars and cents.  Thousands ... Media files: 691331E0-421B-4D22-81D2-3F91ADB358BB_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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