Arab Today, arab today white house government shutdown drags down economic growth jobs
Last Updated : GMT 07:09:21
Arab Today, arab today
Arab Today, arab today

White House: Government shutdown drags down economic growth, jobs

Arab Today, arab today

Arab Today, arab today White House: Government shutdown drags down economic growth, jobs

Washington - XINHUA

A partial US government shutdown this month has cut 0.25 percentage point off the fourth- quarter economic growth and cost the country 120,000 jobs in October, Jason Furman, chairman of the White House Council of Economic Advisers, said on Tuesday. The government shutdown has translated into 0.25 percentage point off the fourth-quarter U.S. economic growth rate, he said in an analysis of the bitter fiscal fight which led to a 16-day government shutdown and a close call with a debt default. \"We\'re 120,000 fewer jobs than we otherwise would have had in the month of October,\" Furman said at a White House daily briefing. The federal government was forced into the first shutdown in 17 years on Oct. 1 after Republicans tried to make a bill to tie funding the government on changing President Barack Obama\'s signature health care law. Facing an imminent prospect of a debt default, the bitterly- divided Congress ultimately passed a legislation on Oct. 16 to lift the debt ceiling through Feb. 7, and fund the government through Jan. 15. The temporary deal, however, does not resolve the fundamental divide between Republicans and Democrats on spending and deficits. Furman warned that, \"That\'s just based on the data we have through October 12th. So as we look at more of October, those numbers could change and could potentially get worse.\" \"This all just really underscores how unnecessary and harmful the shutdown and the brinkmanship was for the economy, why it\'s important to avoid repeating it, and instead consider jobs that are adding to growth, not subtracting,\" he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today white house government shutdown drags down economic growth jobs Arab Today, arab today white house government shutdown drags down economic growth jobs

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday