# Prof. Nouriel Roubini believes failure to reach a budget deal in Congress could cause a recession

1 Faculty News October 14, 2013 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://www.cnbc.com/id/101110642) -- "'If there is not an agreement, the resulting financial damage could even tip us into a recession,' especially because the economy is growing at a relatively paltry rate of 1.5 to 2 percent, the [New York University economist](http://www.stern.nyu.edu/faculty/bio/nouriel-roubini) said."

[Read more](http://www.cnbc.com/id/101110642)

Additional coverage appeared on [Bloomberg](http://www.bloomberg.com/news/2013-10-14/recession-odds-increase-as-stalemate-persists-roubini-says.html).