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Shutdown could cost US economy $15 billion a week

The two-week-old federal government shutdown may cost the US economy as much as $15 billion a week in lost output, a Treasury official said last night, correcting an earlier statement from Treasury Secretary Scott Bessent that put the cost at up to $15 billion a day.

Business • 16 Oct

A closure notice is posted at the enterance of the Library of Congress

US delays publishing key jobs report due to govt shutdown

The US suspended the publication of a key employment report today as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy.

Business • 03 Oct

US sees biggest drop consumer spending since September 2009

US consumer spending tumbles in December

US consumer spending in December took its biggest dive in nearly a decade, retreating during a month when Wall Street suffered a historic rout, according to the latest government data today.

Business • 01 Mar 19

The longest shutdown in US history, which ended a week ago, pushed up the unemployment rate to a seven-month high of 4% in January

US job growth surges but unemployment rate rises to 4%

US job growth surged in January, with employers hiring the most workers in 11 months, new figures show today.

Business • 01 Feb 19

800,000 US federal employees returned to work yesterday after 35 days without pay

US shutdown costs estimated at $3 billion

The US economy was expected to lose $3 billion from the partial federal government shutdown over President Donald Trump's demand for border wall funding, congressional researchers said.

Business • 29 Jan 19

800,000 federal workers are facing missing a second pay cheque due to the shutdown

US Senate fails to agree govt shutdown breakthrough

Two competing measures aimed at ending the partial US government shutdown have been defeated in the US Senate.

News • 24 Jan 19

US government shutdown results in slump in US orders

US business spending plans slump sharply

Orders for a wide range of US-made capital goods sank more than previously estimated in September.

Business • 04 Nov 13

No perceptible increase in US initial jobless filings last week from non-federal workers laid off in government shutdown

US jobless claims fall but computer glitches seen

The number of Americans filing new claims for unemployment benefits dropped from a six-month high last week.

Business • 17 Oct 13

US President Barack Obama signed key debt ceiling bill into law last night

Obama calls for budget talks following debt deal

US President Barack Obama has said that Americans are "completely fed up with Washington" a day after the latest fiscal crisis was narrowly averted.

Business • 17 Oct 13

World Bank President Jim Yong Kim has added his voice to a chorus of experts warning about the impact of the fiscal stalemate in the US

US Republicans to offer short-term debt increase

US Republicans will offer President Barack Obama a short-term increase in the federal debt limit if he agrees to negotiate with them on a broad range of fiscal issues, including funding to reopen the government.

Business • 10 Oct 13

IMF economist Olivier Blanchard said US default is unlikely

IMF cuts forecasts for global growth

The International Monetary Fund has trimmed its forecasts for global output for the sixth time since early last year.

Business • 08 Oct 13

'Mission-critical' that US crisis be resolved as soon as possible, states IMF chief Christine Lagarde

World institutions warn on prolonged US shutdown

Top US officials and international financial institutions have ramped up warnings that failure to raise the US debt ceiling to prevent the world's largest economy from defaulting would deal a serious blow worldwide.

Business • 04 Oct 13

US Treasury Department warning as US government shutdown enters third day

US Treasury warns of impact of default

A US government default could have catastrophic consequences that might last decades, the US Treasury Department said in a report today.

Business • 03 Oct 13

US government shutdown enters second day

Obama to hold meetings over US government shutdown

US President Barack Obama will meet the four top leaders of Congress later to urge lawmakers to reopen the government and raise the US debt ceiling, a White House official said.

Business • 02 Oct 13

Any US government stoppage could reduce fourth-quarter economic growth by as much as 1.4 percentage point

US federal government shutdown looms

US President Barack Obama has said a government shutdown was entirely preventable.

Business • 30 Sep 13

Us Government Shutdown