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Obama economic advisers: Shutdown will cost the economy 120,000 private-sector jobs in October

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White House economic advisers have assessed the economic damage caused by the congressional showdown over funding the government and raising the debt ceiling at 120,000 private-sector jobs in October. In a report released Tuesday, the Council of Economic Advisers estimated that the shutdown and what they called political "brinksmanship" over raising the debt limit will result in a 0.25...

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