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Shutdown: US Economy Lost At Least $6 Billion

Updated: Jan 28, 2019

(The Hill)


The shutdown, the longest in U.S. history, started on Dec. 22 over President Trump’s demand for $5.7 billion in funding for his long-desired wall along the U.S.-Mexico border.


Trump signed a three-week funding bill on Friday night, formally ending the shutdown without securing money for a border wall.


Trump warned that if he cannot get a “fair deal” when the stopgap bill runs out, the government may shut down again. The president suggested he may also declare a national emergency to bypass Congress to build his wall, a move which would likely trigger legal challenges.


“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. Read more

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