US economy lost at least $ 6 billion to government shutdown: S&P

Monday, 28 January 2019 00:00 - - {{hitsCtrl.values.hits}}

Reuters: 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.