US economy lost at least $6 billion to government shutdown: Report

Reuters
Bengaluru, Karnataka, India Published: Jan 26, 2019, 10:21 AM(IST)

The US Capitol is pictured on day 30 of a partial government shutdown, in Washington. Photograph:( Reuters )

Story highlights

President Donald Trump agreed on Friday to end the 35-day partial shutdown, the longest in history, without getting the $5.7 billion he had demanded from Congress for a border wall.

The US economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday.

President Donald Trump agreed on Friday to end the 35-day partial shutdown, the longest in history, without getting the $5.7 billion he had demanded from Congress for a border wall.

"Although this shutdown has ended, little agreement on Capitol Hill will likely weigh on business confidence and financial market sentiments," S&P said in a news release.

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