October 17, 2013 8:36 am -

That’s what Standard and Poor’s calculates.

The agency had originally predicted a 3 percent growth rate in GDP this quarter, noting that “we thought politicians would have learned from 2011 and taken steps to avoid things like a government shutdown and the possibility of a sovereign default.” But now recognizing that “our forecast didn’t hold,” it has reduced that estimate to 2 percent.

Nancy Pelosi asked Republicans: Was “your recklessness worth $24 billion?

“My colleagues, do you think that your recklessness was worth 24 billion dollars to our economy? This recklessness is a luxury the American people cannot afford.”