The shutdown of the US government brought losses of $6 billion

Economic analysts from S&P Global Ratings estimated the loss of the US economy from a record long suspension of the us government. The corresponding report was published the day before, January 26, on the website of the company, which is engaged in the study of financial markets.

Experts believe that the real gross domestic product of the United States for each week that the government did not work, loses about $1.2 billion this figure includes the loss of productivity of more than 800 thousand civil servants, as well as companies that conduct joint business with the government. Indirect losses, such as the cancellation of tourist trips in national parks, were also taken into account.

As previously reported, the work of the US government was stopped on December 22, 2018 as the Democrats and Republicans in Congress could not agree on a Federal budget for fiscal year 2019. The main stumbling block was the cost of the wall on the border with Mexico.

Only on January 26, the administration of US President Donald Trump agreed to make some concessions to the Democrats and to agree to resume the work of the government. However, the President continues to demand from the House of Representatives of Congress, where the majority of the Democrats, money for the construction of the wall (about $5.7 billion). If by February 15, the administration does not receive this money, trump threatens to stop the work of the government and even the introduction of a state of emergency on the border with Mexico to build a wall there.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor