Government Shutdown Costs Could Exceed Trump's $12 Billion Wall
Can Trump Shut Down the Government to Build a Wall?
This article is for subscribers only.
President Donald Trump’s threat to shut down the U.S. government to secure funding for a Mexican border wall could quickly cost the economy more than the price tag for construction.
S&P Global economists estimate a government shutdown could cost the U.S. at least $6.5 billion a week, reducing fourth-quarter real gross domestic product by some 0.2 percentage point. “A shutdown affects not only Washington and its employees but has ripple effects across sectors throughout the country,” said U.S. Chief Economist Beth Ann Bovino.