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UC Davis Prof: Shutdown End May Not Matter

 
UC Davis Prof: Shutdown End May Not Matter
Posted Wednesday, October 16th 2013 @ 5pm  by KFBK News

UC Davis Economics Professor Colin Cameron says Wall Street may be happy right now that Congress is working toward an end to the government shutdown. No matter what happens tonight, he says, it's all temporary,

"It hasn't been resolved.  I mean, the next couple of months are going to be very painful, and it's not clear that congress that's been unable to resolve what to do about the long term budget, they'll do any better in the couple of months."

Cameron says a short-term fix rather than a permanent deal could mean slower economic growth for the US in the fourth quarter - along with more market instability once we reach the next shutdown deadline in January.

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