At day 36, government shutdown is longest in US history
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Estimates of the economic hit from the U.S. government shutdown put the losses at up to $16 billion every week the impasse continues.
With the combination of the longest government shutdown, the mass firings of government workers and a fresh cut in federal food aid, the Capital Area Food Bank in Washington is bracing for the swell of people who will need its help before the holiday season.
The longest government shutdown in U.S. history continues to disrupt economic data releases with the October jobs report delayed until after the shutdown ends.
The US government shutdown has become the longest in history, and with no sign of a resolution soon its economic toll is deepening. Now in its 36th day, the shutdown has surpassed the previous record set in early 2019 during President Donald Trump’s first term.
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CBS News poll finds rising concern over government shutdown impact on economy, Americans personally
Americans are increasingly voicing concern about the shutdown's impact on the U.S. economy, as a big majority feel Congress isn't even working to try to end it. There's also increased worry from people over being personally affected, particularly among those with lower incomes, along with that concern about national impact.
Consumer confidence slumps to a three-year low as government shutdown fears grip American households, with sentiment dropping to 50.3 amid economic uncertainty.
The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.
In past shutdowns, estimates of lost economic activity have reached into the billions of dollars. In the context of a $30 trillion economy, that’s not a lot. But on the margins, economists say it can have an effect.
The federal government shutdown has already cost the US economy at least $18 billion this year, a figure that “will intensify” in the weeks to come, according to the Congressional Budget Office.