The prolonged suspension of government operations in the US leads to significant economic losses. According to Bloomberg, each week of the shutdown could cost the country's economy between 10 and 30 billion dollars. Economists express concerns that the actual damage may be even more severe, especially considering the current vulnerability of the economy compared to the situation seven years ago. Many Americans are experiencing anxiety due to inflation and employment issues. Unlike the shutdown that occurred during Donald Trump's first presidential term, the current consequences affect not only federal employees but also millions of citizens who have lost access to food assistance before the holidays.
Jonathan Millar, a senior economist at Barclays for the US, noted that previous government shutdowns did not lead to such large-scale consequences. However, the current situation may have different repercussions.
According to the Congressional Budget Office, the shutdown could reduce economic growth in the fourth quarter by two percentage points. The private sector is also facing difficulties: contractors are left without work, and companies dependent on tourists are suffering losses due to the closure of parks and museums. Additionally, congestion at some of the largest airports in the country is related to a shortage of air traffic controllers.
It was previously reported that the Senate rejected a temporary resolution supported by the House of Representatives 14 times, which was intended to help resolve the current political situation.
