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Historic U.S. Shutdown: $16 Billion Loss, 670,000 Furloughed

11/8/2025

35 3 Full Breakdown

Summary

Story summary

The U.S. government shutdown is the longest in history.
White House adviser Kevin Hassett warned of a downturn in the airline industry.
Weekly losses are estimated at $7 billion to $16 billion.
About 670,000 federal workers are furloughed.
The Congressional Budget Office predicts a permanent economic loss of $7 billion to $14 billion if the shutdown continues.

History

Historical Context

The 2013 U.S. government shutdown, lasting 16 days, stemmed from a budget impasse over the Affordable Care Act, resulting in approximately 800,000 federal employees being furloughed and an estimated $24 billion economic loss. This event echoed previous shutdowns, notably the 21-day standoff in 1995-1996, highlighting the ongoing impact of political deadlocks on federal operations and the economy.

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Story summary

The U.S. government shutdown is the longest in history.
White House adviser Kevin Hassett warned of a downturn in the airline industry.
Weekly losses are estimated at $7 billion to $16 billion.
About 670,000 federal workers are furloughed.
The Congressional Budget Office predicts a permanent economic loss of $7 billion to $14 billion if the shutdown continues.

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