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Analysis: How much could the federal government shutdown cost the economy?

Analysis: How much could the federal government shutdown cost the economy?

Summary

The ongoing federal government shutdown is affecting the economy, with workers not getting paychecks and aid recipients missing benefits. While past shutdowns have led to billions in lost economic activity, this is a small part of the overall $30 trillion economy, but it can still have an impact.

Key Facts

  • The federal government shutdown has been ongoing for one month.
  • Government workers are not receiving their paychecks.
  • People depending on food aid did not get their benefits at the start of November.
  • Past shutdowns have resulted in billions of dollars in lost economic activity.
  • The U.S. economy is valued at about $30 trillion.
  • Economists believe shutdowns can still affect the economy even if the overall impact is small.

Source Information