Economy News A Us Government Shutdown Looks Likely, And It Ll Hit Stock And The Economy, Goldman Sachs Says

The government shutdown is now the longest - and likely the most damaging in US history

The ongoing government shutdown isn’t just the longest in American history. It’s likely the most damaging, too. Read More

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

In past shutdowns, estimates of lost economic activity have reached into the billions of dollars. In the context of a $30 trillion economy, that’s not a lot. But on the margins, economists say it can ... Read More

Government Shutdown Has Already Cost US Economy $18 Billion This Year, CBO Says

The federal government shutdown has already cost the US economy at least $18 billion this year, a figure that “will intensify” in the weeks to come, according to the Congressional Budget Office. Read More

CBS News poll finds rising concern over government shutdown impact on economy, Americans personally

Americans are increasingly voicing concern about the shutdown's impact on the U.S. economy, as a big majority feel Congress isn't even working to try to end it. There's also increased worry from ... Read More

U.S. Economy Could Take $14 Billion Hit From Government Shutdown, CBO Says

The CBO, a nonpartisan federal agency that provides budget and economic information to Congress, estimates the majority of the lost money during the shutdown would come from the reduction in federal ... Read More

US government shutdown will inflict temporary pain to economy

WASHINGTON, Oct 24 (Reuters) - A prolonged shutdown of the U.S. government amid a standoff over funding between Republicans and Democrats in Congress could dent economic growth in the fourth quarter, ... Read More

Bessent says government shutdown 'starting to cut into muscle' and economy may be losing billions per day

Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S. economy billions of dollars per day. Bessent said at a news conference the partial ... Read More

As US shutdown starts to bite, how much could it hit economy?

Michael Galletly, who works for the Department of Agriculture in Utah, sat down with his wife last week, combing through bills and spending for more than two hours to strategise how to make it through ... Read More

US economy may lose up to $14 billion due to government shutdown standoff, CBO warns

The government has been shut down for nearly a month, and the impact is beginning to be felt by the U.S. economy. Read More

Shutdown may start costing economy $15B a week: Bessent

Treasury Secretary Scott Bessent said Wednesday that the ongoing government shutdown may start costing the economy as much as $15 billion per week. In his remarks Bessent actually used the figure of ... Read More

Experts: Gov't shutdown won’t cause large economic turmoil, but will erode consumer and investor confidence

BUFFALO, N.Y. – There is a lot of uncertainty surrounding the United States’ government shutdown. How will it affect the economy? What are its long-term implications? What other damage might be taking ... Read More