Economy News Government Shutdown Costing The Economy Billions Of Dollars Each Week

Government shutdown costing the economy billions of dollars each week

Estimates of the economic hit from the U.S. government shutdown put the losses at up to $16 billion every week the impasse continues. Read More

The shutdown is costing Americans $15B each week

The ongoing U.S. government shutdown is exerting a heavy toll on the economy, with recent analyses indicating that it is costing Americans approximately $15 billion each week. This staggering figure, ... Read More

Longest Shutdown in History Costs US Economy About $15 Billion Each Week

The US government shutdown has become the longest in history, and with no sign of a resolution soon its economic toll is deepening. Now in its 36th day, the shutdown has surpassed the previous record ... Read More

How much could a government shutdown cost the economy and taxpayers?

Each week of the ongoing government shutdown could cost the economy $7 billion and reduce GDP growth by 0.1 percentage points, according to an estimate published by EY-Parthenon chief economist ... Read More

Shutdown is costing U.S. economy $7 billion per month, budget office says

The Congressional Budget Office issued projections Wednesday for three different scenarios about the length of the government shutdown as it nears a full month. 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

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

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

Business groups warns government shutdown is 'harming small businesses and costing American economic growth'

Business groups are expressing concern that the ongoing government shutdown is having negative impacts on economic activity and the ability of firms to operate and grow. The U.S. Chamber of Commerce ... Read More

What GOP Lawmakers Are Costing the US Economy to Avoid Funding Health Care

Trump administration officials have been parrotting a $15 billion-per-week figure to estimate how much the now 20-day government shutdown is costing the U.S. economy. But if money were really the ... Read More

Government shutdown costing the US economy billions of dollars each week

With bipartisan congressional talks to end the U.S. government shutdown bogging down on Friday, the hit to the national economy is growing, experts said. "Even if there is a reopening of the ... Read More