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On the brink of President Obamaâs expected executive action on immigration, rumors of another potential government shutdown are swirling. It was just over a year ago when, on Oct. 1, 2013, the government shut down for 16 days after Congress was unable to agree on a budget for the new fiscal year. Why Washington Is Talking About a Government Shutdown -- Again
While the U.S. government shutdown may merely be an afterthought or an inconvenience for some people, it's costing the economy and taxpayers plenty. So how much does the government shutdown cost? The daily tab for the government shutdown is a whopping $160 million. The shutdown cost some $1.6 billion in lost output from the $15.7 trillion U.S. economy in its first week alone, according to global market research firm IHS Inc. Bloomberg reported that two days into Week 2, the government shutdown cost equaled $2 billion in economic damages â the same amount that heavy rains, flash flooding, and mudslides in 17 Colorado counties cost the state last month.