The impact of the ongoing federal shutdown on the US economy is far worse than expected because it is lasting much longer than anticipated, White House National Economic Council Director Kevin Hassett said on Friday.
"The impact on the economy is far worse than we expected, because it's gone on for so long," Hassett told Fox Business.
"I think we were thinking that we could have at least 3% [GDP] growth in the fourth quarter. I think now we're expecting something like half that because of the harm [caused] by the Democrats' policy."
On October 1, the US Congress failed to approve the country's federal budget, forcing the government to partially shut down. Such shutdowns in the US mean that some government agencies directly funded by Congress must halt operations until a new budget is approved.
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La Casa Blanca reconoce que el bloqueo del Gobierno causa más estragos de lo estimado
ReplyDelete🗣 "El impacto en la economía es mucho peor de lo que esperábamos, porque [el cierre del Gobierno federal] se ha extendido demasiado", declaró el director del Consejo Económico Nacional de la Casa Blanca, Kevin Hassett, al canal Fox Business.
En este contexto, indicó que se esperaba un crecimiento del PIB de "al menos el 3% en el cuarto trimestre", mientras que ahora se espera aproximadamente la mitad "debido al daño causado por la política de los demócratas".
El actual cierre administrativo es el más largo en la historia del país, mientras el debate en el Senado entre republicanos y demócratas permanece estancado.