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October 2nd, 2013 
Peter Nolan
“We have a nascent recovery…and so far things are going well despite what our
government is doing.”
He called for a swift resolution, saying that if the two sides reach agreement
in the shorter term the shutdown won’t become a “fundamental threat.”
“We see our corporate customers starting to spend a bit more money,
feeling safer about their business and growing their business, and obviously
inbound tourism is a big, big part of the US economy.
“If this extends beyond a couple of weeks it could be more of a significant
negative,” he said.
Regardless of Washington’s agility in solving the crisis, Mr
Khosrowshahi expressed disbelief that Congress had allowed situation to
escalate in the first place.
“It sure seems unnecessary,” he concluded.
Mr Khosrowshahi has become one of the most high-profile Americans to join the chorus
of disbelief and anger at government shutdown, which has seen
800,000 federal workers prevented from going to work.
Economists warn that if the crisis drags on, it will complicate efforts to
increase the debt ceiling in time to prevent a US government default. The
US is set to hit its borrowing limit on October 17 unless it acts to raise
the ceiling.
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