Congressional gridlock said hurting US economy

Mar 13, 2013 | 12:05 PM |

Tags  Congressional policy, President Obama, regulatory agencies, John Boehner, John Anton, IHS Global Insight, Eileen Bradner, Nucor Thomas Danjczek

CHICAGO — Congress consists of a bunch of "babyish 3-year-olds in a sandbox," one steel industry analyst said. "Everyone is willing to harm the economy in order to make the other guy look bad."

The problem, if left unchecked, could ultimately lop 0.7 percent off of U.S. gross domestic product (GDP) growth, according to John Anton, steel analyst at Lexington, Mass.-based IHS Global Insight Inc. "It has real consequences," he said at the Platts 9th Annual Steel Markets North America Conference in Chicago.....





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