Trump Administration Warns Of $15 Billion Weekly GDP Loss, Over 43,000 Job Cuts If Shutdown Persists

A White House memo, obtained by Politico, outlines the potential economic fallout from the shutdown. The memo, prepared by the Council of Economic Advisers, is expected to guide the Republican Party’s response to the shutdown and will be shared with Republican lawmakers. The memo highlights the potential loss of $15 billion in GDP per week, with a month-long shutdown potentially leading to an additional 43,000 unemployed individuals. The memo excludes the 1.9 million federal civilian employees who are either furloughed or working without pay, with about 80% based in the Washington area.