S&P: The Shutdown Took $24 Billion Out Of The US Economy (shaved 0.6% off Q4 GDP growth)

[swag]

http://www.businessinsider.com/sp-cuts-us-growth-view-2013-10s

Steven Perlberg

The S&P has cut the annualized U.S. growth view closer to 2% from 3%, Bloomberg is reporting.

The ratings agency — which recognizes the Senate deal will be approved — says that the shutdown has taken $24 billion out of the economy and cut 0.6% off of yearly fourth quarter GDP growth.

"If people are afraid that the government policy brinkmanship will resurface again, and with it the risk of another shutdown or worse, they'll remain afraid to open up their checkbooks. That points to another Humbug holiday season," S&P wrote in a release.

They also said the impact of the debt ceiling is getting worse by the day for the U.S. economy.

Read more: http://www.businessinsider.com/sp-cuts-us-growth-view-2013-10#ixzz2hv6knDCO

[leftyohiolib]

1. bill the gop