Debt Ceiling Battle Cost Taxpayers $1.3 Billion

A new GAO study finds the 2011 debt ceiling fight in Congress cost the federal government about $1.3 billion in extra borrowing costs.

Huffington Post: “And that’s just the costs that the GAO bothered to count. There are also probably extra borrowing costs that the government is still paying this year and in future years because of the debt-ceiling debacle, but the GAO’s computer was too tired and/or depressed to try to figure those out.”