US President Donald Trump (Reuters)
US President Donald Trump (Reuters)

US economy lost at least $6 billion to government shutdown: S&P

  • President Donald Trump agreed on Friday to end the 35-day partial shutdown, the longest in history
  • The shutdown led to loss of productivity and economic activity, according to S&P

Bengaluru: The US economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday.

President Donald Trump agreed on Friday to end the 35-day partial shutdown, the longest in history, without getting the $5.7 billion he had demanded from Congress for a border wall.

"Although this shutdown has ended, little agreement on Capitol Hill will likely weigh on business confidence and financial market sentiments," S&P said in a news release.

The story has been published from a wire agency feed without modifications to the text. Only the headline has been changed

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