Shutdown’s damage to economy could exceed $5.7 billion cost of Trump’s border wall
Wednesday, January 23, 2019 | Tag Cloud Tags: Economy, News, Trump, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The government shutdown — the longest in U.S. history — is estimated in 31 days to have cost the American economy almost as much as the $5.7 billion President Trump has demanded for his proposed southern border wall.
Average weekly direct and indirect costs of the partial shutdown, which began Dec. 22, currently add up to $1.2 billion, according to Beth Ann Bovino, S&P Global’s U.S. chief economist. Monday marked the start of the shutdown’s fifth week, and the closure will have caused roughly $6 billion in damage to the economy if the government does not reopen by the end of the week, Bovino estimated in a recent research note. [ Source: CBS News (Read More…) ]
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