Shutdown's Economic Impact: A Cloudy Picture
Update: 2025-11-11
Description
Novembers record-breaking federal government shutdown, the longest in U.S. history, has left a significant impact on the nations economy, with losses in areas like canceled flights and missed restaurant meals that cannot be recovered. The shutdown, which added to existing economic challenges such as sluggish hiring and high inflation, has worsened consumer sentiment, with a three-year low reported in the University of Michigans survey. Millions of federal contractors, estimated to be as many as five point two million, are not guaranteed back pay, causing financial hardship for many households. The shutdown also delayed SNAP food aid for forty-two million recipients and halted new government contracts and equipment purchases. The lack of economic data due to the shutdown could potentially lead the Federal Reserve to postpone an anticipated interest rate cut, potentially weighing on the economy in the coming months.
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