Obama Warns Against 'self-inflicted Wound' Of Government Shutdown

By Robert SchroederMarketWatch Pulse

President Barack Obama said a possible government shutdown in two weeks would be a self-inflicted wound and urged Congress to pass a budget. Speaking to the Business Roundtable, Obama said the last shutdown, in 2013, cost the economy billions of dollars. Federal government funding expires on Sept. 30, and if lawmakers do not pass spending bills before then, a partial shutdown would begin Oct. 1.

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