The White House announced the serious impact of the shutdown on the US economy.
The suspension of the US federal government could lead to long-term negative consequences and is already causing more damage to the economy than expected. This was announced on November 7 by Kevin Hassett, Head of the White House National Economic Council.
"The impact on the economy has been much more severe than we expected because it has been going on for so long," Hassett said on Fox Business.
He also noted that due to the effects of the shutdown, the forecast for US GDP growth in the fourth quarter decreased by about half compared to initial expectations.
NBS News reported on November 5 that the shutdown, which began at midnight on October 1, became the longest in U.S. history, surpassing all previous shutdowns.
Bloomberg reported on November 6 that the shutdown in the United States brings down the American economy by up to $30 billion every week. The article emphasized that he poses a great threat to the economy, as the situation has become more unstable. As a result of the government shutdown, 650,000 federal employees were left without salaries. According to the agency, there is tension in society — people are worried that the shutdown may contribute to the development of inflation and problems in finding a job.
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