Gov’t shutdown to have real economic impact on U.S.

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President Barack Obama said on Monday that a government shutdown would have very real economic impact on the Americans.

“It does not have to happen,” Obama said in a late afternoon statement in the White House. “All of this is entirely preventable if the House chooses to do what the Senate has already done, and that’s the simple act of funding our government without making extraneous and controversial demands in the process.”

He made the remarks as the deadlocked Congress makes the first government shutdown in 17 years seem probable.

“A shutdown will have a very real economic impact on real people, right away,” Obama told reporters. “Past shutdowns have disrupted the economy significantly. This one will too,” he added.PNA


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