Breakdown: Here’s The Economic Cost Of Shutting Down The Government

If Congress doesn’t reach a deal by midnight tonight, the government shuts down.
A shutdown isn’t just bad politically, it can also be damaging to the United States’ economy, taking the paychecks of federal employees out of the mix, and disrupting tourism across the country.
Here’s a look at some of the latest numbers on how a shutdown might affect our economy:
  • A shutdown that lasted between three and four week could cost the economy about $55 billion, by the estimate of Moody’s Analytics economist Brian Kessler.
  • Washington, DC, would lose $200 million a day on lost wages and lost spending by those who get furloughed. That estimate doesn’t include tourism, and the huge losses DC will feel from the museums and national mall being closed.
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