US EditionShutdown to leave mark on US economy from lost paychecks, canceled flights
The shutdown caused $16 billion in lost federal wages, canceled over 7,500 flights, and cut $11 billion in economic activity, slowing US growth and disrupting aid programs.
- The longest federal government shutdown in U.S. history is leaving a mark on the economy from lost paychecks and canceled flights.
- The Congressional Budget Office estimated the shutdown will reduce growth in the fourth quarter by about 1.5 percentage points and $11 billion in economic activity will be permanently lost.
- About 650,000 federal workers didn't work during the shutdown, which will likely boost the unemployment rate by about 0.4 percentage points to 4.7%.
137 Articles
137 Articles
The Gateway - The chaos plaguing the US travel sector is likely to intensify as stricter federal restrictions on air travel take effect, even as Congress nears the end of the government shutdown...
This government shutdown might outlast its paycheck hangover
The House of Representatives is expected to vote Wednesday on legislation to reopen the federal government, putting an end to the longest shutdown in American history.However, it won't just be the length of this shutdown that is remembered. It will also be the cost.ADDING UP THE COSTSIt isn't necessarily easy to put a price tag on the federal government being shuttered since October 1. After all, families have struggled following the loss of foo…
Doug Collins to Newsmax: Shutdown Nightmare for Veterans
Veterans Affairs Secretary Doug Collins told Newsmax on Tuesday the shutdown has been a "bad nightmare" for veterans who work for the federal government. Collins told "Finnerty" many veterans work as air traffic controllers or as Transportation Security Administration agents and have been going without a paycheck for the past 42 days. "All military members, unfortunately, were not even able to be paid," Collins said. "You had a lot of people sti…
Los Angeles Times
Independent EspañolThe closure of the longest federal government in U.S. history seems to come to an end, but it will not do so without leaving a mark on an economy that was already in difficulty.
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