White House official: government "shutdown" costs the US economy about 15 billion dollars a week

Kevin Hassett, director of the White House National Economic Council, said the government "shutdown" is cutting US economic output by about $15 billion a week. In an interview with the media, Hassett quoted an internal White House report as saying that the "shutdown" will reduce the US gross domestic product (GDP) by about 0.1 percentage points every week. If it lasts for a month, it will cause about 43,000 additional job losses and reduce consumer spending by $30 billion. The Congressional Budget Office has estimated that the last government shutdown in Trump's first term cost the US economy $11 billion, of which about $3 billion was permanently lost.