Potential Economic Impact of the U.S. Government Shutdown
TL;DR Summary
The US government shutdown, triggered by a deadlock over funding and healthcare subsidies, is expected to cost taxpayers billions, disrupt federal services, and lead to furloughs and potential layoffs of hundreds of thousands of federal employees, with previous shutdowns costing up to $11 billion and causing significant economic and administrative disruptions.
- What this government shutdown could cost The Washington Post
- Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one AP News
- Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown CNBC
- How much could a government shutdown cost the economy and taxpayers? CBS News
- US to lose $15B in GDP each week of a shutdown, White House memo says Politico
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