Third Government Shutdown Under Trump Is Longest Ever, Cost U.S. Economy $6 Billion

 In Budget and Taxes, Economy, Government Regulations   Last Updated: February 10, 2019

The third government shutdown under President Trump ended on January 25, 2019 after 35 days, making it the longest government shutdown in history.

The U.S. economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday [January 25, 2019].”

The bill to reopen the government only lasts until February 15th, but it does contain provisions for retroactive pay for employees that did not receive paychecks during the shutdown.

 

 

"U.S. economy lost at least $6 billion to government shutdown: S&P." Reuters, 25 January 2019. Web. 02 February 2019.
Meg Wagner, Veronica Rocha and Amanda Wills. "The government shutdown is over." CNN, 25 January 2019. Web. 10 February 2019.
Elizabeth Zwirz. "Trump signs bill to end partial government shutdown." Fox News, 25 January 2019. Web. 10 February 2019.
Recommended Posts

Start typing and press Enter to search