What have you always wondered about the economy? Tell Us

The shutdown is over, and the economy seems none the wiser

Kai Ryssdal Jan 22, 2018
HTML EMBED:
COPY

The shutdown is over, and the economy seems none the wiser

Kai Ryssdal Jan 22, 2018
HTML EMBED:
COPY

The government may be funded for another three weeks, at least, but there’s already another debate that seems to be looming on the horizon, and with it, another possible shutdown. While uncertainty appears to be the new normal in Washington, the U.S. economy appears to be, for all intents and purposes, healthy. According to Patricia Cohen, who covers the  economy for the New York Times, this is because the national economy has been resilient for a long time. And it’s going to take more than a 60-odd-hour shutdown to make a blip.

“Business doesn’t like uncertainty,” Cohen said in an interview with Marketplace host Kai Ryssdal. “But then you have to ask yourself, has this shut down given us any further insight or any indication of even greater dysfunction in Washington than we already knew existed? So, I mean, my feeling is pretty much the market has already accounted for what is basically been a very bitter and dysfunctional Congress.”

Click the audio player above to hear the full story. 

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.