Broadside: Exploring the shutdown's economic impact

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October 2, 2013, 8:20 pm
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(NECN) - The government shutdown comes at a time when the economy is recovering, albeit slowly.

The unemployment rate is still too high at 7.3 percent.

So will the shutdown make things worse or have minimal impact?

Bob Murphy, an economics professor at Boston College, has served on the staff at the President's Council of Economic Advisors in the Reagan and Clinton administrations.

"The impact will be relatively limited in my view, unless the shutdown goes on for a considerable amount of time," he says, and if it bleeds into the debt ceiling.

Watch the attached video for the complete interview.

Tags: Boston College, Jim Braude, economics, debt ceiling, government shutdown, debt limit, Robert Murphy, government shutdown US economy, debt default
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