The Economic Impact Of The Federal Shutdown

06:24

October 17, 2013

National Park Service employee James Mitchell, right, and others, remove barricades from the grounds of the Lincoln Memorial in Washington, Thursday, Oct. 17, 2013..(AP /Susan Walsh)

After a long budget fight, government shutdown, and debt-ceiling brinksmanship what's the toll on the economy?

A report from the Macroeconomic Advisers says that all the budget turmoil since 2010 has cost the US economy close to 3 percent of GDP, or almost $700 billion.

Macroeconomics Advisers: The Cost Of Crisis-Driven Fiscal Policy

Guest:

Chris Arnold, NPR economics correspondent. He tweets @Chris_ArnoldNPR.

This segment aired on October 17, 2013.