The effects of the government shutdown on the economy are cascading.
The government has already been operating with a smaller budget due to sequestration cuts last March, which are now starting to kick into effect.
Diane Swonk, chief economist with Mesirow Financial, says the shutdown is not only taking a toll on furloughed government workers, but Wall Street and the financial markets are also feeling the effects of the crisis.
Guest
- Diane Swonk, chief economist with Mesirow Financial. She tweets @DianeSwonk.
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