Government shutdown could cost US economy billions of dollars a week, analysts say
www.theguardian.com
According to one report, each week of shutdown could cost up to $7bn, with another suggesting a $15bn loss in GDP

According to one report, each week of shutdown could cost up to $7bn, with another suggesting a $15bn loss in GDP

Senior officials inside Donald Trump’s administration have acknowledged the federal government shutdown, without an end in sight, could hurt the US economy. The damage could be worth billions of dollars each week, according to analysts.

“This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Scott Bessent, the US treasury secretary, told the CNBC financial news network. “We could see a hit to the GDP, a hit to growth and a hit to working America.”

Prolonged failure to reach a deal would be costly.

  • pheonixdown@sh.itjust.works
    30·
    3 days ago

    I normally would say, keep it down until they give tangible concessions, but there’s basically nothing I believe they could agree to that they wouldn’t immediately backtrack on. So, just leave it all shuttered, GDP means shit to me.

  • defunct_punk@lemmy.worldEnglish
    21·
    3 days ago

    Giving the Republicans the budget they want will cost trillions. Why don’t any Rs want to work with the Democrats? Hold the line and dont take the bait.

    • SuiXi3D@fedia.io
      41·
      3 days ago

      They’re just going to take the money and do worse things with it.