As the current shutdown starts to near historic levels, it’s worth a look at what exactly the shutdown means to the economy and states impacted, beyond just the fact that legislation – whatever of that is happening – and Congress is paused. The record for a shutdown was set in the previous Trump administration, lasting 35 days, and it’s beginning to look like this one could rival that.
Nearly 1 million employees have been furlough, and another 700,000 are working without pay. Director of the U.S. Office of Management and Budget Russ Vought has said some 10,000 of the federal workforce are likely to be laid off permanently. The IRS, CDC and Department of Education are a few of the agencies that have slowed or paused operations completely. One estimate puts it at a cost to the economy of $400 million per day.
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