A functioning economy requires a functioning government. On Wednesday, October 1, the federal government entered its sixth shutdown in 30 years, with significant implications for businesses, communities, and the economy.
While far from certain, this shutdown could stretch longer than most, and the U.S. Chamber is actively advocating for solutions.
Why it matters: Businesses, families, and communities across the country rely on a functioning government to keep the wheels of our economy turning.
The shutdown disrupts essential services and creates uncertainty. A well-functioning economy requires a functioning government.
Big picture: When the government partially shut down from December 2018 to January 2019, it reduced economic output by $11 billion in the following two quarters, including $3 billion the U.S. economy never regained, analysts estimate.
Source: U.S. commerce
