Dr. Akande: Government Shutdown consequences

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(KTVI) - The U.S. AAA credit rating was downgraded once before. Standard and Poor's did it on August 5, 2011, four days after Congress voted to raise the debt ceiling.

What happened? The U.S. and global stock markets declined in one day and surprisingly, the dollar gained in value against the euro and pound.

Dr. Benjamin Akande the Dean of Webster University's Walker School of Business explains.