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This “regulatory improvement act”, introduced by the current Representative for Illinois’ 14th District, is actually nothing less than the gutting of Section 716 of the Dodd-Frank financial reform bill.
The S&P has cut the annualized U.S. growth view closer to 2% from 3%, Bloomberg is reporting.
The ratings agency — which recognizes the Senate deal will be approved — says that the shutdown has taken $24 billion out of the economy and cut 0.6% off of yearly fourth quarter GDP growth.