A 1-month shutdown: $50 billion economic blow
October 7th, 2013
04:44 PM ET
10 months ago

A 1-month shutdown: $50 billion economic blow

(CNNMoney) - If the week-long government shutdown stretches to a month, it would mean a $50 billion blow to the U.S. economy.

That estimate is actually $5 billion lower than the initial estimate of Mark Zandi, chief economist for Moody's Analytics. He lowered his forecast after the Defense Department recalled nearly half of 800,000 federal employees furloughed last week, and it appeared Congress would quickly approve a measure to pay furloughed workers retroactively.

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Filed under: Government Shutdown
soundoff (30 Responses)
  1. Gunderson

    A billion here, a billion there Pretty soon we taking real money. Lehman Bro's lost 600 Billion because of the housing mess, given to us by the Liberal's, oh sorry Progressives. So you worried over a measly 50 Billion? Hey just Repeal Obama Care, Extend Bush Tax cuts for at least 10 more years, Problem Solved! OR, cut nose off spite face.

    October 7, 2013 09:02 pm at 9:02 pm |
  2. Jeff Brown in Jersey

    @Guest

    Yet another comment thread to fill with blame for the other guys, but when Election Day rolls around, 90% of the House will be reelected. Nearly every commenter here is utterly unable to see beyond party affiliation.
    Baby Boomers have spent every dollar the next two generations will ever pay in income tax and our finances will not recover until long after they have made way for the next generation.

    I respectfully disagree with you. These GOP traitors got in because during the 2010 Mid Term elections, too many Democrats stayed home and didn't bother to vote; the Republicans, as always came out and voted. After this dog and pony show being put on by the putrid and morally corrupt GOP, I can assure you, we will be out voting with a vengeance!

    October 7, 2013 09:15 pm at 9:15 pm |
  3. GI Joe

    We can tell who watches Alex Jones, Glen Beck, and FOX.

    October 7, 2013 10:51 pm at 10:51 pm |
  4. guest 2

    instead of posting the days of the shut down your news cast why not shows the dollars its costing the US economy

    October 8, 2013 01:56 am at 1:56 am |
  5. RandyIA

    Lets look at this in a little different way. 1. The government is shut down, not America. 2. If the government wasn't so involved in every private industry in America, nobody would care, and this could go on for months with the people feeling little or nothing. 3. If a business doesn't manage it's books right what happens, layoffs and cutbacks. 4. I think it's time for the people to take a stand. If 1000 people decide to stroll into yosemite, the grand canyon, Mt. Rushmore, yellowstone, or other public lands, what would be done. 5. Just because I don't know, is the lawn at the white house still getting mowed, is that essential?

    October 8, 2013 07:27 am at 7:27 am |
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