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S&P estimates shutdown cost US $24bn

As Fed postpones its stimulus tapering program, Standard & Poor’s estimates that the 16-day impasse cost the US $24bn in lost activity

By Richard Nehme | Oct. 18, 2013 11:14 BST
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Disruption from the US failing to raise the debt ceiling prompted the Federal Reserve to postpone its stimulus tapering programme as the shutdown dampened growth prospects significantly. Standard & Poor’s estimated that the 16-day impasse cost the US $24bn in lost activity [...]

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