Potential Economic Impact of the Upcoming Government Shutdown
TL;DR Summary
A government shutdown could cost the U.S. economy around $7 billion per week, reduce GDP growth, and lead to significant costs related to federal employee pay, administrative efforts, and lost revenue, with past shutdowns costing billions and potentially shaking public confidence in the economy.
- How much could a government shutdown cost the economy and taxpayers? CBS News
- Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown CNBC
- US to lose $15B in GDP each week of a shutdown, White House memo says Politico
- Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one AP News
- What this government shutdown could cost The Washington Post
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