U.S. Economy Lost An Estimated $6 Billion To Shutdown, S&P Says

The president had demanded $5.7 billion to fulfill his long-promised project to build a wall on the southern border.

A global ratings agency has estimated that the recent partial government shutdown cost the U.S. economy at least $6 billion, according to a Reuters report.

Standard & Poor’s Global Ratings announced on Friday that its estimation is based on productivity loss from furloughed workers and economic activity loss to outside business, according to the news agency.

“Although this shutdown has ended, little agreement on Capitol Hill will likely weigh on business confidence and financial market sentiments,” the company said in a statement.

Donald J. Trump

@realDonaldTrump

I wish people would read or listen to my words on the Border Wall. This was in no way a concession. It was taking care of millions of people who were getting badly hurt by the Shutdown with the understanding that in 21 days, if no deal is done, it’s off to the races!

147K people are talking about this

View the complete January 26 article by Kimberley Richards on the Huffington Post website here.