Contributors

United States is Losing $160 Million a Day during Shutdown

United States is Losing $160 Million a Day during Shutdown (Bloomberg)

According to HIS Inc., a Lexington, Mass-based research firm, the U.S. government shutdown was responsible for some $1.6 billion in lost economic output… last week. And as the closure drags on, it is leeching away $160 million from the American economy each day. Adding another perspective, Equecat Inc., a California-based catastrophe risk-modeling company estimates that with two more days of lost output, the shutdown will equal last month’s Colorado floods in terms of damage done — at more than $2 billion. While the shutdown may not rain sludge and mud down on homes, it’s certainly muddying the economic recovery picture for the United States, its markets and investors.

Sign Up
DISQUS COMMENTS

FACEBOOK COMMENTS

Comment with Facebook