Government shutdown costing the US economy billions of dollars each week | Metals Mine

  • Government shutdown costing the US economy billions of dollars each week

    From cbsnews.com

    With bipartisan congressional talks to end the U.S. government shutdown bogging down on Friday, the hit to the national economy is growing, experts said. "Even if there is a reopening of the government in the next couple of weeks, you're going to see a visible and permanent loss of economic activity as a result of the government shutdown," Greg Daco, chief economist at consulting firm EY-Parthenon, told CBS News. Estimates of the economic impact range from $7 billion to $16 billion per week, with the White House's Council of Economic Advisers, a U.S. government agency, forecasting a weekly loss of $15 billion. A ... (full story)

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km360trader
Nov 9, 2025 7:27am
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Economy ka weekly loss billions mein
Federal workers without pay → consumer spending down
Small business + travel industry effect
GDP growth expected to drop
.........negative economic sentiment.........
...............price up(GOLD)(XAUUSD)................
Reply
Trader#3D9F
Nov 9, 2025 4:55am
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The impact of this shutdown on people, especially the courageous individuals attempting to manage tiny, entrepreneurial firms, is very devastating. Seeing their politicians act in such a foolish and childish way and harming their beloved United States economically must be quite embarrassing for Americans.
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Trader#D979
Nov 8, 2025 8:56am
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So can i trade long for xauusd?
Reply

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