The Price of a Shutdown

From Brad Plummer:

In a research note Tuesday, J.P. Morgan analysts estimated that federal furloughs will reduce national income by a total of $1.3 billion per week. As a result, the shutdown could shave 0.12 percent off fourth quarter GDP growth for each week it goes on. That forecast doesn’t account for any knock-on effects on the private sector or dent in economic confidence which are harder to quantify.

I wish I had something original to say about this shutdown, but I don’t.  I sent the passage above to my House representative this morning.