Overview
- Congress approved a funding bill on Nov. 12 and President Donald Trump signed it, ending the longest shutdown on record.
- The CBO estimates the six‑week lapse cut fourth‑quarter growth by about 1.5 percentage points, or roughly $15 billion per week, with other forecasts somewhat lower.
- Economists expect most activity to rebound with back pay, yet EY‑Parthenon’s Gregory Daco estimates roughly 20% of the loss will be permanent.
- Key federal surveys, including the Labor Department’s household survey, were not conducted, creating a data fog just as consumer sentiment tumbled to near pandemic‑era lows.
- Hundreds of thousands of federal workers missed pay, SNAP benefits were delayed, food banks saw surges, and travel and tourism suffered from closed parks and reduced flights, with places like Washington, D.C., Hawaii and parts of Texas hit hardest.