During the 35 days of partial government shutdown, the US economy lost at least $6 billion, reports The Hill, citing data from S&P Global.
Thus, the losses exceeded $ 5.7 billion - the amount of primary funding needed to build a wall between Mexico and the United States. It was the reluctance of Congress to allocate this amount, requested by Trump, that caused the shutdown.
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More. The shutdown, which began on December 22, 2018, turned out to be a record long one.
- About 800,000 federal employees went on unpaid leave or worked without getting paid.
- Due to the shutdown, the government stopped monitoring the state of public places and parks, helping Indian tribes, paying subsidies for renting housing, and issuing loans to small businesses, lists Quartz.
Context. The key problem, the refusal to allocate the requested amount, has not yet been resolved.
- Donald Trump and Speaker Nancy Pelosi managed to sign an agreement on January 25 to reopen the government for three weeks.
- If an agreement on the construction of the wall is not reached by February 15, the shutdown will resume.
- Estimates of losses from the current shutdown are significantly lower than the old ones. Before the start of the 2017 shutdown, the same S&P Global predicted that the shutdown of the US government would cost the country's economy $6.5 billion, or 0.2 percentage points of quarterly GDP, on a weekly basis.
Alexander Amzin