When the government shutdown began, the general consensus was that it wouldn’t be too detrimental to the economy. Sure, certain data sets would be absent. And yes, there may be a mild downturn in consumer spending in a couple of regions due to federal workers not being paid. But the economy would bounce back more broadly.

That certainty is now fading, with leading economic figures warning that the near-month-long standoff is beginning to materially damage the prospects of America’s businesses and consumers.

Brian Moynihan, CEO of Bank of America , is one of the voices now warning that if the government shutdown drags on too much longer then more serious economic consequences will have to be endured.

“The government shutdown and arguing over the budget and everything, that is a politic

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