The Global Cost Of A U.S. Government Shutdown

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Photo: Abeeeer via flickr

A potential government shutdown would exacerbate global doubts about America’s capacity to get its long-term fiscal house in order, according to author Sebastian Mallaby. This would hurt confidence in the U.S. dollar and, over time, could erode America’s ability to finance power projection.Sebastian Mallaby is an economics expert at the Council on Foreign Relations and the author of “More Money Than God: Hedge Funds and the Making of a New Elite.”  Here’s what he had to say about the dollar, the debt and a potential shutdown:

 

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