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A White House official told INSIDER that after a change to the internal model, the Trump administration now estimates the shutdown is taking 0.13 percentage points off of quarterly GDP every week. • The model change incorporated the negative effects for federal contractors. • The new White House estimate is much higher than the general Wall Street consensus that the shutdown is shaving 0.05 points off of quarterly GDP every week. The US economy is taking a hit from the partial shutdown of the federal government and even the White House thinks it may be even worse than originally estimated. After a tweak to the internal White House model, the administration now expects that the shutdown will deduct 0.13 percentage points from quarterly GDP for every week the closure persists, a White House official told INSIDER.
originally posted by: chr0naut
originally posted by: Middleoftheroad
a reply to: Mahogany
Source? If it’s CNN don’t bother. I just watched the video and was a waste of time.
Yeah, the government shutdown isn't affecting the wealth of Americans because... a news company.