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The most expensive government shutdown in history led to about $3 billion permanently taken out of the US economy, according to the Congressional Budget Office. The reason: that 2018-2019 standoff ...
Here's how a government shutdown would impact: Social Security. Postal services. Military pay. National parks. ... Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at ...
“The Republican shutdown is going to have serious consequences for our economy, vis-a-vis small businesses.” said Isabella Casillas Guzman, administrator of the Small Business Administration ...
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
On 4 February, President Marcelo Rebelo de Sousa admitted that the epidemic of the new coronavirus in China "affects the economic activity of a very powerful economy and thus affects the world's economic activity or could affect". He also admitted the possibility of economic upheavals due to the break in production."
It's a looming information shutdown that could have wide-ranging effects and be felt by economists both inside and outside of the Federal Reserve who are closely charting the direction of the economy.
Troops will work without pay, and service at national parks and airports could change.
The economic impact was expected to hit smaller and newer businesses harder, as they typically have less financial cushion. Real (inflation-adjusted) consumer spending fell 17% from February to April, as social distancing reached its peak. In April, car and light truck sales were 49% below the late 2019 monthly average.