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US politics
fromFast Company
3 days ago

The shutdown is over. An expert explains what's next for the economy

The 43-day U.S. government shutdown reduced consumer spending, harmed tourism and travel, and cost the U.S. economy billions in lost GDP and productivity.
fromNextgov.com
2 weeks ago

Shutdown furloughs will permanently cost the economy at least $7 billion, CBO says

Forcing a large swath of the federal workforce not to work for going on a full month is having significant and lasting impacts on the economy, according to a non-partisan legislative branch review, causing a loss of at least $7 billion dollars from the gross domestic product. That figure would grow to $11 billion if the shutdown lasts another two weeks or $14 billion if it were to last until Nov. 26, the Congressional Budget Office found in a report on Wednesday.
US politics
US politics
fromwww.theguardian.com
2 weeks ago

US could lose between $7bn and $14bn during shutdown, budget office says

The federal government shutdown will cost the US $7 billion to $14 billion and reduce GDP by 1–2 percentage points in Q4 2025.
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