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SHUTDOWN DAY 32: The government shutdown could end up costing more than the $5.7 billion Trump wants for the wall

SHUTDOWN DAY 32: The government shutdown could end up costing more than the $5.7 billion Trump wants for the wall
Kevin Lamarque/Reuters



The partial government shutdown, now in its second month, could cost the economy in excess of $6 billion by the end of this week.




The figure, projected by a chief economist at S&P Global, would be more than the $5.7 billion in border wall funding which prompted the shutdown in the first place.




The shutdown began on December 22 after Democrats rejected Trump’s demand that any legislation for funding the federal government must include money for the wall.




As the record-breaking shutdown drags on, projections about the damage it is causing are becoming more and more alarming.



The record partial government shutdown could cost the US economy more than the $5.7 billion which President Donald Trump has demanded to fund his proposed border wall.
Beth Ann Bovino, the chief US economist for S&P Global, estimated in a research note on January 11 that every week of the shutdown would shave around $1.2 billion off the US's GDP.
The US is now in an unprecedented fifth week of the shutdown. According to this projection, by some time around Friday January 25, the total damage will have surpassed the $5.7 billion which prompted the shutdown in the first place.
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