President Donald Trump partially shut down the government over a $5.7 billion demand for a southern border wall. After 35 days, marking the longest shutdown
President Donald Trump partially shut down the government over a $5.7 billion demand for a southern border wall. After 35 days, marking the longest shutdown in history, the president backed down and accepted $0, but the U. S. economy took a major hit.
According to NBC News, the nonpartisan Congressional Budget Office found that the economy took an $11 billion hit, $3 billion of which can never be recovered.
From the report:
“In CBO’s estimation, the shutdown dampened economic activity mainly because of the loss of furloughed federal workers’ contribution to GDP, the delay in federal spending on goods and services, and the reduction in aggregate demand.”
About 800,000 federal employees were furloughed during the shutdown and missed paychecks.
The shutdown finally came to an end after planes were grounded and flights were delayed across the country due to unpaid air traffic controllers not coming to work.
