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Update news government shutdown
Tumultuous weeks of government shutdown and default risks proved to be costly to the U.S. economy, but the country will be resilient enough to withstand the blow, said U.S. Treasury Secretary on Sunday.
The US economy and consumer confidence have taken significant hits from a two week federal government shutdown, economists say, and a major dent to already sluggish American growth is expected.
U.S. President Barack Obama on Tuesday blamed Republicans in Congress for the federal government shutdown, and defended his signature health care law.