A senior economic adviser at the White House has cautioned that the nation’s gross domestic product could dip below zero if the current government shutdown is not resolved in a timely manner. The warning underscores the potential macroeconomic fallout from extended federal operations disruption. Should the impasse continue past mid-November, there could be significant ripple effects, including interruptions in military compensation and increasing legal strain over the continuation of essential benefit programs like SNAP. Although food assistance remains operational for now, officials acknowledge that maintaining such services without congressional funding approval tests the outer edges of legal permissibility. This assessment aligns with broader concerns about how political gridlock can translate into tangible economic risks.
— news from Al Arabiya English
— News Original —
US GDP could be negative if shutdown drags on, White House economic adviser says – Al Arabiya English
US GDP could be negative if shutdown drags on, White House economic adviser says Al Arabiya English