US Economy Lost At Least $6 Billion During Shutdown, S&P Says

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FILE - This Oct. 9, 2011 file photo shows 55 Water Street, home of Standard & Poor's, in New York. Standard & Poor's Ratings Services upgraded its outlook Monday, June 10, 2013, for the U.S. government's long-term debt. S&P cited the government's strengthened finances, a recovering U.S. economy and some easing of Washington's political gridlock. (AP Photo/Henny Ray Abrams, File)

The U.S. economy lost at least $6 billion during the record-long partial government shutdown, S&P Global Ratings said Friday.

The economic hit stems from a loss of productivity and and economic activity lost to outside business during the shutdown, which ended on its 35th day on Friday, Reuters reported.

Nearly 800,000 federal employees were furloughed or working without pay during the shutdown.

 

Read more at The Hill.

{Matzav.com}

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