U.S. Government Shutdown Costs Economy Up to $30 Billion Weekly, Bloomberg Reports

The United States faces severe economic consequences as the ongoing government shutdown continues to inflict losses of up to $30 billion weekly. This situation has persisted for 36 days, surpassing the previous record set during President Donald Trump’s first term in early 2019. Analysts estimate the weekly cost ranges between $10 billion and $30 billion, with some projections reaching $15 billion.

The shutdown has created significant instability, leaving 650,000 federal employees without pay. Social tensions are rising as concerns over inflation and job market disruptions grow. The U.S. Department of Agriculture is now providing only half the monthly funds required to support food assistance for low-income individuals. Additionally, the Head Start program, which offers early childhood education and childcare services, has been halted, affecting more than 8,000 families.

Private businesses are also struggling, with the U.S. Small Business Administration pausing $2.5 billion in loans for 4,800 small enterprises. Meanwhile, millions of Americans may face protests as dissatisfaction with government policies and the shutdown intensifies. Reports indicate long lines at food distribution centers, with many individuals unable to access sufficient supplies due to disruptions in the federal SNAP program, which serves 42 million people.