Potential Economic Impact of the U.S. Government Shutdown
TL;DR Summary
The upcoming US government shutdown could have a more significant economic impact than usual due to political tensions and potential mass layoffs of federal workers, which might slow economic growth and affect the job market, especially amid existing economic uncertainties and a fragile job creation trend.
- 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
- What this government shutdown could cost The Washington Post
- US government shutdown negative for credit rating, Europe's Scope warns Reuters
- US to lose $15B in GDP each week of a shutdown, White House memo says Politico
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