The U.S. government shutdown has entered its 31st day, becoming the second-longest in the nation’s history – and economists are sounding alarms about its long-term economic fallout. 💥 A new report from the nonpartisan U.S. Congressional Budget Office (CBO) warns that permanent GDP losses could hit $14 billion if the shutdown drags on for another month. That’s like erasing the annual economic output of a mid-sized city overnight. 🏙️
With federal workers furloughed and critical services delayed, the shutdown is rippling beyond Washington. Analysts compare it to a “slow leak” in the economy’s tires – manageable at first, but risking a blowout if unresolved. 🚗💨 The longer it lasts, the harder it becomes to reverse the damage, especially for small businesses and contractors relying on government operations.
While politicians debate solutions, everyday Americans are feeling the pinch. From delayed tax refunds to stalled permits, the shutdown’s domino effect could reshape consumer confidence and global market stability. 📉 “This isn’t just a political standoff – it’s a stress test for the economy,” one analyst told CGTN.
As the world watches, the big question remains: How much more will this cost? 💰 Stay tuned for updates.
