# Prof. Lawrence White discusses the impact of the government shutdown

1 Faculty News October 2, 2013 ![Xinhua logo](/sites/default/files/styles/246w/public/assets/images/con_030505.jpg?itok=6NqP0rMN)>

Excerpt from [Xinhua](http://news.xinhuanet.com/english/indepth/2013-10/02/c_132768777.htm) -- "If the U.S. government couldn't pay the obligations or at least not on time, the holders would not be sure if they want to continue to hold U.S. treasury bills, which could be really disruptive, said [White](http://www.stern.nyu.edu/faculty/bio/lawrence-white)."

[Read more](http://news.xinhuanet.com/english/indepth/2013-10/02/c_132768777.htm)