Economists Say Shutdown Will Hurt, But Hard To Add It Up

by Marilyn Geewax

October 01, 2013 5:14 AM

Government workers protest the possibility of a federal shutdown in Chicago. Nearly 100 employees from federal agencies including the Environmental Protection Agency and the Department of Housing and Urban Development rallied in a downtown plaza Monday.

Government workers protest the possibility of a federal shutdown in Chicago. Nearly 100 employees from federal agencies including the Environmental Protection Agency and the Department of Housing and Urban Development rallied in a downtown plaza Monday.M. Spencer Green/AP

After weeks of wondering what would happen, Americans now know:

1. Congress missed the midnight funding deadline for the new fiscal year, triggering disruptions in government operations.

2. That will slow economic growth, at least in the short term.

But just how far the damage will go is far from clear. Economists say they can’t refine their predictions because they have no idea how long the shutdown might last or how many federal workers may be furloughed. Continue reading “Economists Say Shutdown Will Hurt, But Hard To Add It Up”