Donald Trump, Elon Musk threaten govt shutdown; here's what that costs

Quick Summary:

The report, which looked at shutdowns that occurred in fiscal years 2014, 2018 and 2019, found that the cumulative number of furlough days represented an estimated 56,938 years of lost federal worker productivity.

The shutdown in fiscal year 2019 reduced gross domestic product by a total of $11 billion in the following two quarters — including $3 billion of which will never be recovered, according to the Congressional Budget Office.

With just days before a lapse in federal funding that would shutter a host of government services, Congress is struggling to pass a short-term spending bill needed to keep the government open until March 14.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Donald Trump Senate Elon Musk United States US Speaker

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 08:17:39 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24543130

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 288 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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