Posts tagged "GOPShutdown GOP SameOldParty"
Shutdown: A multi-billion dollar hit to economy
A government shutdown could cost the still struggling U.S. economy roughly $1 billion a week in lost pay by furloughed federal workers. And that’s only the tip of the iceberg of the economic impact.
First, there are the estimated 800,000 federal employees who will be off the job. It’s roughly the same number of workers employed in all the auto assembly lines and auto parts factories across the country.
But economists say the impact will come not just from those lost wages, but also from businesses cutting back or halting their operations.
Then, there’s the impact from increased business uncertainty that trims investments and disrupts financial markets. Finally there is likely to be a pullback in spending by all the affected employees.
Paid for by the Democratic National Committee (202) 863-8000.
This communication is not authorized by any candidate or candidate's committee.