Shutdown Will Be Worse For Economy Than First Thought, White House Says

The partial government shutdown is inflicting far greater damage on the U.S. economy than the Trump administration previously estimated, the White House acknowledged.

President Trump’s economists have now doubled projections of how much economic growth is being lost each week.

They originally estimated the partial shutdown would subtract 0.1 percentage point from economic growth every two weeks. Now, they see that loss happening every week the shutdown lasts, according to a CNBC report citing an unnamed official.