NEWS FLASH

CORRECTED: Debt Ceiling Delay Cost Taxpayers $18 Million In The Last Two Weeks | UPDATE: CNN has corrected the story. The actual cost to taxpayers is $18 million.

CNN Money notes that “the debt ceiling debacle has just cost U.S. taxpayers more than $1.7 billion” in extra interest payments on U.S. debt. “To be precise, the extra cost is $1,721,250,000 more in interest payments than the government would have needed to pay investors just two weeks ago, when they were willing to accept far lower rates before the debt ceiling became a crisis,” wrote CNN’s Allan Chernoff.