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‘Shutdown now already more expensive than wall of Trump’

825b4f21c0235dd62fa4d9887df2287b - ‘Shutdown now already more expensive than wall of Trump’

The shutdown in the United States, which temporarily has come to an end, would the U.s. economy at least $ 6 billion (5.3 billion euros) cost. That has S&P Global Ratings calculated. Economists warn, furthermore, that a new shutdown for a lot of additional damage.

Trump signed Friday a bill to allow a temporary end to the longest shutdown of U.s. history. By the agreement, the 800,000 government employees back to work and be paid. The American administrations for at least three weeks, until 15 February, re-open.

Reason for the shutdown was the refusal of the Democrats to $ 5.7 billion for the limes wall, which Trump, on the border with Mexico wants to build. The funding of the wall is not included in the agreement of last week.

Although it is too early to understand to calculate how much the shutdown of the American economy, understand costs, says S&P that the cost is probably higher than we had originally thought’. According to analysts, would be the price tag up to about $ 6 billion; $ 300 million more than the price of Trumps wall.

Persistent

That cost can also add up, as a new shutdown threatens if within three weeks no agreement is found. President Trump showed on Saturday that it’s not obvious.

“It is not easy to achieve agreement, both parties are very persistent’, tweette Trump, adding that the wall still to be built. Democratic leaders Nancy Pelosi and Chuck Schumer, however, have also been re-let to mean that the wall is not an option.

New damage

If Trump chooses to have the government re-close after three weeks, would that have negative effects on consumer confidence and economic damage, warns the chief economist of Moody’s Analytics, Mark Zandi.

According to the chief economist of Amherst Pierpont Securities Stephen Stanley, the impact of the shutdown, many have become larger if they are much longer and had lasted. He speaks of a snowball effect: problems with transport, tax returns, etc.

Friday were still many people stranded in airports in the northeast of the country, because of significant delays due to a shortage of air traffic controllers.

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