Report: Congressional Gridlock Has Cost $1.3 Billion
By: Andrea Seabrook
July 24, 2012
The near-default on U.S. obligations cost $1.3 billion because of increased borrowing costs, according to a new GAO report. To put that in perspective, that's more than 1,600 times as much money as was wasted at a Las Vegas conference for government employees that the House has spent countless hours investigating.
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