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The ongoing U.S. government shutdown furloughed 700,000 federal workers and left nearly as many working without pay, impacting consumer spending and productivity.
🔹 States like New York and Texas warn food stamps are at risk. Oxford Economics estimates $800M in federal contracts disrupted daily.
🔹Economists predict short-term economic pain, with lost GDP largely recoverable once operations resume, though longer shutdowns could create permanent contractor and household losses.
-Reuters