Legacy Topic: Economy

As the ripple effects of the government shutdown begin, the impact on the economy will not just be the lost productivity of government workers. Click the audio player above to hear the full story.

As the shutdown continues, nonessential workers face their first pay period without paycheck.

Around 400,000 furloughed federal workers and contractors aren’t being paid as a result of the government shutdown. And that’s hurting not just their households, but also the economy at large.  Click the audio player above to hear the full story.

The Federal Reserve reports that outstanding consumer credit rose by $22 billion dollars in November, after an even bigger rise in October. That puts U.S. consumers on track to increase their total debt on credit cards, student-loans and car-loans by 6-3/4 percent this year. How might that record-high consumer debt impact the U.S. economy?  Click the […]