White House: Democrat Shutdown Cost $15 Billion a Week, Unemployment Rate for October Will Never Be KnownNick Gilbertson13 Nov 20257
2:16
WASHINGTON — National Economic Council Director Kevin Hassett said Thursday that the Democrat-forced government shutdown cost the country about $15 billion per week and is expected to knock 1-1.5 percent off gross domestic product growth in the fourth quarter.
Hassett spoke with White House reporters Thursday morning, hours after President Donald Trump signed a continuing resolution to reopen the government through the end of January. He outlined the economic impact the record-long 43-day shutdown has had on the nation.
“Our Council of Economic Advisers said that it costs about $15 billion a week and it accumulates to maybe 1-1.5 percent of GDP when you account for multiplier effects,” Hassett said.
“Their current estimate is that 60,000 Americans, not government workers, have lost their jobs because of the reduced economic output,” he added.
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