1995 Government Shutdown Costliest Ever...Until Now
by Anthony Sibley (AJ) on Nov 7, 2013 | Views: 137 | Score: 0
Cost in Billions USD | |
---|---|
1995 | 2.2 |
2013 | 3.1 |
Government Shutdown
Cost in gross domestic product from lost government services
Sources:
nytimes.com
The government shutdown of last month cost the US over $1 billion each week, greatly surpassing the previous record of costliest shutdown by nearly a billion dollars. The majority of the expense will be paying approximately 800,000 furloughed federal workers for time spent idle. Furthermore, the associated damage-- the undermining of consumer, business, and investor confidence-- may be far costlier.