Washington, Nov. 7 -- With the US govt shutdown entering its 38th day, the domestic markets have taken a strong hit, with the halting of operations in DC inflicting a mounting toll on the economy, amidst little sign of relief as the political deadlock continued in the White House.
Officials have warned of significant fallout if the impasse continues, with National Economic Council Director Kevin Hassett telling Fox Business on Friday that the economic effects were "far worse" than initially anticipated, largely because of the shutdown's unprecedented duration.
He warned that continued disruption could lead to a measurable downturn in growth.
"We're starting to see pockets of the economy that look like they might be in a recession," Hasse...