U.S. Economy Lost at Least $6bn During Shutdown, S&P Says
NEW YORK (The Hill) - The U.S. economy lost at least $6 billion during the record-long partial government shutdown, S&P Global Ratings said.
The economic hit stems from a loss of productivity and economic activity lost to outside business during the shutdown, which ended on its 35th day on Friday, Reuters reported.
Nearly 800,000 federal employees were furloughed or working without pay during the shutdown.
The shutdown, the longest in U.S. history, started on Dec. 22 over President Trump’s demand for $5.7 billion in funding for his long-desired wall along the U.S.-Mexico border.
Trump signed a three-week funding bill on Friday night, formally ending the shutdown without securing money for a border wall.
The economic hit stems from a loss of productivity and economic activity lost to outside business during the shutdown, which ended on its 35th day on Friday, Reuters reported.
Nearly 800,000 federal employees were furloughed or working without pay during the shutdown.
The shutdown, the longest in U.S. history, started on Dec. 22 over President Trump’s demand for $5.7 billion in funding for his long-desired wall along the U.S.-Mexico border.
Trump signed a three-week funding bill on Friday night, formally ending the shutdown without securing money for a border wall.