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U.S. Economic Losses Reach $10 to $30 Billion Per Week

Bloomberg reports that the economic cost to the United States from the federal government shutdown reaches between $10 billion‍ and $30 billion per week.

According to the⁣ English section of webangah News Agency,​ citing​ Mehr News⁤ Agency and Al Masirah⁢ network, Bloomberg reported that due to the continuation of the longest government shutdown in U.S. history, now entering ​its 36th ⁣day, ⁣the American economy suffers ‍losses ranging from $10 billion to $30 billion weekly.

The news ​agency also highlighted​ that this unprecedented shutdown has ​caused widespread flight delays and cancellations across airports in the United States.

The Federal Aviation Governance (FAA) stated that to‌ maintain flight safety during this ongoing ⁢shutdown, air traffic at ‍40 major U.S. airports has declined ⁢by 10 percent.

The federal⁤ government shutdown has reached its 36th day, marking it as the longest such closure‌ in American history.

Many public services remain​ suspended; federal employees have been placed on mandatory leave, disrupting operations at airports nationwide.

No clear solution appears imminent to resolve ‍this deadlock.

The shutdown officially began on October 1, ⁣halting operations across a large portion ⁢of government agencies.

This marks the first government closure during President ‌Trump’s​ second term in office.

The initial phase of the shutdown affected non-essential services such‌ as national parks and federally funded museums. Later,thousands of federal employees deemed “non-essential” were sent on unpaid ​furloughs. Over 587,000 federal workers have been impacted‌ by these mandatory leaves so far.

Meanwhile, fourteen attempts in Congress to reopen⁢ government‍ operations have failed amid⁤ persistent standoffs between Democrats and Republicans over‍ funding proposals.

Republicans accuse Democrats of irresponsibly shutting down the government ​by‍ rejecting‍ a budget bill that‍ could have temporarily kept it⁢ open until November 21. Democrats counter that Republicans -⁣ who control both chambers of Congress – bear ⁢responsibility for compromise but still require at least‌ eight Democratic votes in Senate approval. To date,‍ onyl three Democratic Senators support the current funding bill while Republican Senator Rand Paul opposes it.

Democrats also warn that Republicans must address sharp premium hikes⁣ in⁢ health insurance programs since Kaiser Foundation estimates show average premiums could increase by up⁢ to 26 percent if tax ⁤credits‌ expire. ‌Enrollment for these‍ plans began early November.

News Sources: © webangah News Agency,Mehr ⁤News Agency
English channel of the webangah news agency on Telegram
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