US Shutdown Bites Hard | $15 Billion Daily Blow to Economy
Edited By WION Video Desk
Published: Oct 16, 2025, 18:53 IST | Updated: Oct 16, 2025, 18:53 IST
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As the US government shutdown deepens, millions of federal workers are missing paychecks while businesses freeze spending. Treasury estimates losses could reach $15 billion per day, slashing up to 0.1% of weekly GDP growth. Analysts warn falling consumer confidence and delayed data releases could worsen the downturn unless Congress resolves the budget standoff.
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