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REPORT: Federal Government Now Estimates Shutdown Will Subtract 0.1% From Economic Growth Every Week; Previously Thought 0.1% Every 2 Weeks

Oh dear.
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WASHINGTON, DC - DECEMBER 11: U.S. President Donald Trump speaks about border security with House Minority Leader Nancy Pelosi (D-CA) and Vice President Mike Pence in the Oval Office on December 11, 2018 in Washington, DC. (Photo by Mark Wilson/Getty Images)

President Donald Trump often touts the growth the American economy has seen since he began his tenure as President despite the trend being a continuation of Obama’s economic policies.

However – if he keeps the government shut down until he’s granted funding for an ineffective wall at the southern border – he may have to answer for a shrinking economy.

The White House originally stated that a 0.1% loss of growth would be incurred every two weeks that the government remained shut down. Those figures have now been updated by the White House and the number has doubled, with Americans feeling a 0.1% growth loss every week during the shutdown.

The White House’s original estimate of a biweekly 0.1% loss only factored the 800,000 federal employees working without regular pay, however these latest figures also factor in private contractors previously working for the federal government.

Americans are livid that the shutdown continues to drag on despite the harm it does to workers and the economy.

For many Americans, the blame originates with one person.

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  • Evan Brechtel

    Evan is a writer and editor based in New York. In addition to his work with Second Nexus, he freelan... keep reading