US EditionEconomy, Stock Market Can Do Well Amid Weakening Labor Market: PNC's Ma
11 Articles
11 Articles
Trump administration economic advisers have warned that a prolonged government shutdown could cost the US GDP $15 billion per week and lead to 43,000 more unemployed people per month. Federal employees are not receiving paychecks due to the shutdown, and political controversy continues over health insurance subsidies.
Fiscal paralysis in the United States results in the discontinuation of non-essential services, the closure of certain public services and disruptions, particularly in transportation. ...
United States President Donald Trump's economic advisers warned that a long shuttle could cause serious economic consequences, as described in the White House memorandum, which was published in Politico. In particular, the US could spend $15 billion of GDP weekly until the government worked, with an additional 43,000 unemployed persons per month, but such losses do not take into account 1.9 million federal civil servants who were either on vacat…
The U.S. economy could lose as much as $15 billion in gross domestic product for every week that the government remains closed, according to a White House memorandum quoted by Politico. The paper warns that a one-month shutdown could generate an additional 43,000 unemployed and reduce consumer spending by $30 billion.
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