In call with reporters, JPMorgan CEO Jamie Dimon echoes reporting from @morningmoneyben that if the partial government shutdown continues throughout the quarter, it could wipe out Q1 economic growth entirely. pic.twitter.com/VfA3KxCNjV— Victoria Guida (@vtg2) January 15, 2019
Wait times in Atlanta's airport (a/k/a "busiest in the world") are over an hour in security because of TSA agents calling in sick rather than working without pay. Delays are causing a number of passengers to miss flights, which plays hell with the airliners scheduling. A terminal in Bush International Houston is closed due to lack of TSA agents for screenings. That's the hub for United Airlines. Miami International has also closed a terminal for lack of screeners. And:
The Trump administration now estimates that the cost of the government shutdown will be twice as steep as originally forecast.
The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled to a 0.1 percentage point subtraction every week, according to an official who asked not to be named.
The administration had initially counted just the impact from the 800,000 federal workers not receiving their paychecks. But they now believe the impact doubles, due to greater losses from private contractors also out of work and other government spending and functions that won't occur.
So much winning!
No comments:
Post a Comment