U.S. government shutdown has large effects directly and indirectly on the economy, U of R professor says.


Expert Pitch
  • newswise-fullscreen U.S. government shutdown has large effects directly and indirectly on the economy, U of R professor says.

    Dr. Nathaniel Cline, University of Redlands

Dr. Nathaniel Cline is a recognized expert in U.S. and international economics and finance who is available to speak on the macroeconomic impact of the United States government shutdown.

"The shutdown has large economic effects both directly — due to unpaid contractors, employees, and beneficiaries — and also indirectly because of the money these people would have spent. It also very obviously increases recession risk, but won’t likely cause a recession on its own. More than the economic costs though are the human costs — employees who face defaults, evictions, and higher health risks as a result of lost income."

 

Dr. Cline holds a Ph.D., and a master's degree in economics from the University of Utah, and a bachelor's degree in economics from Earlham College.

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