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The US Government Shutdown Enters Day 35, Tying the Record for the Longest Ever
BlockBeats News, November 4th: As the Eastern Time Zone of the United States moved into November 4th, the U.S. federal government shutdown entered its 35th day, tying the record for the longest government shutdown in U.S. history. Over the past 30-plus days, the U.S. Democrats and Republicans have been deadlocked, failing to pass a temporary funding bill proposed by the Republicans in 13 Senate votes. It is reported that the Senate will hold its 14th vote today (November 4th). The U.S. Congressional Budget Office recently stated that depending on the duration of the government shutdown, the annualized GDP growth rate for the U.S. in the fourth quarter is expected to decrease by one to two percentage points. This means that if the shutdown lasts for 4 weeks, the U.S. economy will lose $7 billion; if it lasts for 6 weeks, the loss will rise to $11 billion; and if it lasts for 8 weeks, the loss will skyrocket to $14 billion. (Krypton)
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