Report: Congressional Gridlock Has Cost $1.3 Billion

Jul 24, 2012
Originally published on July 24, 2012 6:19 pm

The near-default on U.S. obligations cost $1.3 billion because of increased borrowing costs, according to a new GAO report. To put that in perspective, that's more than 1,600 times as much money as was wasted at a Las Vegas conference for government employees that the House has spent countless hours investigating.