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Could a government shutdown really cost us billions each week?
Description
A government shutdown in the U.S. could result in significant economic losses, potentially costing $6 billion weekly. An analysis by EY indicates that a shutdown would disrupt federal services, negatively impacting various sectors. Federal contracts and programs would see halts, affecting small businesses dependent on government work. Funding delays could slow projects that drive economic growth. Furloughed government employees would decrease consumer spending, leading to broader economic repercussions. Concerns arise regarding both the immediate and long-term effects, as instability in government may reduce confidence among entrepreneurs and investors.
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