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Government Shutdown Would Pose Big Risks To Both Parties

WASHINGTON — Democrats and Republicans say the last thing they want to do is to shut down the government. But with budget talks showing little signs of a breakthrough, there are growing worries that a stalemate could hurt the economy’s…

WASHINGTON — Democrats and Republicans say the last thing they want to do is to shut down the government. But with budget talks showing little signs of a breakthrough, there are growing worries that a stalemate could hurt the economy’s fragile recovery.

Many economists and budget analysts suggest that a government shutdown, if it’s lengthy, or even a deal that calls for deep short-term spending cuts could stifle economic growth and lead the country back into recession. Private forecasters already have lowered their growth projections for this year based on surging fuel, food and raw material costs, and tensions in the Middle East and North Africa.

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