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Originally published by Capital Businessbusiness
October 16, 2025
3h ago
As US shutdown starts to bite, how much could it hit economy?
OCT 16 - Michael Galletly, who works for the Department of Agriculture in Utah, sat down with his wife last week, combing through bills and spending more Kenya breaking news | Kenya news today |..
✨ Key Highlights
The ongoing US government shutdown is significantly impacting federal workers and the economy, with many starting to miss paychecks and curtail spending. This impasse is causing widespread uncertainty and is projected to have broader economic repercussions.
- Analysts project a hit to quarterly growth of roughly 0.2 percentage points per week, or approximately $15bn.
- Michael Galletly, an IT management specialist for the Department of Agriculture in Utah, is on unpaid leave and has applied for unemployment insurance.
- The White House Council of Economic Advisers estimates a month-long shutdown could lead to the loss of $30bn in consumer spending.
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