Nobel Economist: Washington Dysfunction Carries Heavy Price Tag

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 ...

© La Voix de l'Amérique - jeudi 17 octobre 2013