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There is a discrepancy in Donald Trump's claim of bringing in $17 trillion through tariffs, as there is no evidence of this money, especially during a government shutdown.
The economic impact of the 2018-2019 government shutdown was estimated at $85 million a day, affecting quarterly GDP by about 0.4%.
The 2018-2019 government shutdown resulted in a 0.4% hit to quarterly GDP, reducing it from an expected 2% to 1.6%.
Markets generally look through government shutdowns, but mass firings could lead to a significant market reaction.
There is skepticism about Donald Trump's claim of bringing in $17 trillion through tariffs, as there is no evidence of this money, and the government is in a shutdown.
The economic impact of a government shutdown includes delayed spending, particularly in salaries to government employees, and lost output, estimated to be about $85 million a day during the 2018-2019 shutdown.
The economic impact of the 2018-2019 government shutdown was estimated to be about $85 million a day in lost output, with a 0.4% hit to quarterly GDP.
The 2018-2019 government shutdown resulted in a 0.4% hit to quarterly GDP, illustrating the economic impact of such events.
The government shutdown is not affecting essential services like the Smithsonian or national parks, leading to questions about the seriousness of such shutdowns.
Markets tend to look through government shutdowns because they are temporary, but mass firings could lead to a market reaction.