Longest Shutdown Ever: $14B Economic Hit

The longest government shutdown in U.S. history, now in its record-breaking 35th day, is causing significant economic damage. Economists predict a one percentage point drop in real GDP for the fourth quarter, with potential permanent losses of $7-14 billion. The broad scope of this shutdown, affecting all appropriations, is causing more harm than previous partial shutdowns. The lack of crucial economic data is further complicating recovery efforts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.