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Jill On Money: Impact Of Shutdown, Debt Ceiling

Money

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As the current round of DC drama draws to a conclusion, CBS News Business Analyst Jill Schlesinger discusses the impact of the latest crisis, as well as the cumulative impact of these types of events, on the economy.

Some of the negative effects of the fiscal crisis could be reversed next year, Schlesigner says.

Remember that there were some positives forces that were percolating in the economy before this started, including a pickup in global manufacturing activity and a steadily rising US housing market.

That said, we could be talking about the debt ceiling early next year

Because you can’t control any of those dramatic events, here are seven things you can do to prepare for the worst, while of course hoping for the best!