Good morning, Peter Vanham here in Geneva, filling in for Alan.
Looking from the outside in, it’s hard to understand why the most powerful government in the world decides to shut itself down every few years. As another U.S government shutdown looms, the financial consequences for millions of employees are immediate; those for the U.S. government’s reputation and creditworthiness appear farther down the road.
CEOs are concerned about a shutdown's impact on the broader economy. In a new poll by the Committee for Economic Development (CED), a division of the Conference Board, a nonpartisan think tank, a large majority (91%) of CEOs and board members surveyed said they are concerned that a government shutdown lasting more than a couple of days will hurt the economy.
