Uncertainty may have become a new political certainty.
After years of living with partisan brinksmanship in Washington, many business leaders took the federal government shutdown in stride, expecting a minimal impact on the Massachusetts economy, at least in the short term. The greater threat, they said, will come in about two weeks, when the federal government reaches its borrowing limit and Congress must increase it — or allow the United States to technically default on its debt.
“The government can be shut down for quite a while without doing serious damage to the economy,” said Nigel Gault, cochief economist at The Parthenon Group. “Triggering the debt ceiling would very likely cause a recession. And if we go right up to the last minute, stock markets will panic.” Full story for BostonGlobe.com subscribers.
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