So, What Exactly is the Economic Impact of a Government Shutdown?
United States (Conversation) – The immediate and most visible impact of a shutdown is in the government’s day-to-day operations. Some departments and offices, like the Internal Revenue Service, would be closed, and nonessential federal employees across the government would stay home. But beyond the individual workers and families affected, could a short or lengthy shutdown affect the broader U.S. economy as well? Constantine Yannelis, a business professor at New York University, and I examined data from the 2013 government shutdown to better understand its impact. An economic speed bump While…
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