Los Angeles Business Journal

Dollar Hit by Aftermath of Government Shutdown

Thursday, October 17, 2013

The dollar sank, U.S. Treasury prices rallied and gold shot higher after lawmakers reached a last-minute deal to avoid a U.S. debt default, as investors anticipated that lingering uncertainty in Washington would push back the Federal Reserve's plans to wind down stimulus efforts, the Wall Street Journal reports. CNBC looks at how the budget battle and resulting government shutdown has hurt the U.S. economy.