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Trump White House quietly doubles cost estimate for shutdown as experts fear wipe out of 1st quarter profits
Posted by: Dont Blame Dems TrumpShutdown ()
Date: January 15, 2019 12:48PM

The administration had initially counted just the impact from the 800,000 federal workers not receiving their paychecks. But they now believe the impact doubles, due to greater losses from private contractors also out of work and other government spending and functions that won’t occur.

If the shutdown lasts the rest of this month, it could subtract a sizable half a percentage point from gross domestic product, the official said.

The revision comes as some economists worry that the shutdown could wipe out first quarter growth entirely.

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Re: Trump White House quietly doubles cost estimate for shutdown as experts fear wipe out of 1st quarter profits
Posted by: Gerrymanderer2 ()
Date: January 15, 2019 12:50PM

Trumps may ignite a recession. Republicans wouldn't be Republicans if they didn't leave everything in ruin.

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Re: Trump White House quietly doubles cost estimate for shutdown as experts fear wipe out of 1st quarter profits
Posted by: Mark Ravi Covfefe Gerry Webster ()
Date: January 15, 2019 01:41PM

yawn

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