The longest government shutdown in U.S. history caused significantly more damage than expected, according to Kevin Hassett, head of the White House National Economic Council. The impact of the shutdown will take time to reverse, with recovery still uncertain as of November 20.
Hassett stated that the government shutdown created ” much more serious damage than I think anyone expected,” emphasizing that the economic consequences were real. He suggested that addressing the damage could take until December, with a potential resolution before the end of the year.
The U.S. risks facing a new shutdown in February if Democrats and Republicans fail to agree on health insurance subsidies. A measure ending the shutdown was signed by President Donald Trump on November 12, with his office asserting that the previous policy was necessary to avoid succumbing to pressure from Democratic representatives.
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Government Shutdown Caused More Damage Than Anticipated, Says Hassett
