Nov. 1 marks 31 days of the U.S. government shutdown—the second-longest in history. As the standoff stretches on, concerns are rising over its economic fallout.
According to a new nonpartisan report from the U.S. Congressional Budget Office, not patching up the budget impasse by next month could shave off up to $14 billion from GDP. It's like delaying a season drop on Netflix—only instead of fans waiting, it's the entire economy holding its breath.
Quick Facts 📊:
- 31 days: Duration as of Nov. 1 ⏳
- 2nd longest shutdown in U.S. history 📜
- Up to $14B permanent GDP loss if it drags on 💸
For young professionals and investors, this means extra caution is key. Markets hate uncertainty, and each extra day of gridlock raises the stakes for businesses and consumers alike.
As the debate continues, all eyes are on Washington. Will leaders find a deal to end the stalemate and protect the economy? Stay tuned for updates! 🔍
Reference(s):
cgtn.com
