Shutdown could cost the economy $13 billion a month

The partial shutdown of the United States government affects far more than the 800,000 federal workers who are either furloughed or working without pay. The impact of the shutdown is radiating throughout the economy, and some areas of government that remain open will soon run out of funds.

There's no clear end in sight for the shutdown, with President Donald Trump insisting he won't sign any spending bill that does not include funding for a wall along the U.S.-Mexico border. The Democrat-controlled House, led by Speaker Nancy Pelosi, has been equally resolute, saying it won't pass funding bills that include money for a border wall.

For the American people, the cost of this impasse is enormous -- and growing by the day. The ongoing shutdown could cost as much as $13 billion a month, or $430 million a day, according to new analysis by personal finance website The Ascent. That figure includes unpaid wages for government workers and federal income assistance programs that may soon run dry.

"I was definitely surprised by how large the figure was," said The Ascent research analyst Kamran Rosen in a statement. "Our estimates are looking at just two sources of economic activity, not even including lots of smaller agencies and offices that are fully or partially shut down."

https://www.msn.com/en-us/money/markets/shutdown-could-cost-the-economy-dollar13-billion-a-month/ar-BBS4ITN?li=BBnb7Kz

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