S&P: The Shutdown Took $24 Billion Out Of The US Economy

S&P: The Shutdown Took $24 Billion Out Of The US Economy

The ratings agency — which recognizes the Senate deal will be approved — says that the shutdown has taken $24 billion out of the economy and cut 0.6% off of yearly fourth quarter GDP growth.

“If people are afraid that the government policy brinkmanship will resurface again, and with it the risk of another shutdown or worse, they’ll remain afraid to open up their checkbooks. That points to another Humbug holiday season,” S&P wrote in a release.