US Economy Faces Billions in Weekly Losses Due to Shutdown
TL;DR
A prolonged US government shutdown could lead to a $15 billion weekly GDP loss, with significant impacts on federal programs, consumer spending, and employment, as detailed in a White House memo blaming Senate Democrats for the impasse.
Topics:nationeconomy#economic-impact#economy#federal-programs#gdp-loss#government-shutdown#white-house
- US to lose $15B in GDP each week of a shutdown, White House memo says Politico
- Treasury Secretary Bessent says U.S. GDP could take a hit from the shutdown CNBC
- What this government shutdown could cost The Washington Post
- Bessent Warns Government Shutdown Could Weaken Economy The Wall Street Journal
- US government shutdown negative for credit rating, Europe's Scope warns Reuters
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