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U.S. sees limited economic harm from past budget crises

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The budget crisis is over, for now, but the after-effects are yet to be sorted out. Early reports have been dire: Standard and Poor’s said in an analysis that the 16-day shutdown has already shrunk the U.S. economy by $24 billion. The standoff over the debt ceiling, according to S&P, did even more damage by raising economic uncertainty. And the cumulative effects may be worse, if...