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The 'doomsday' scenario: Here's what happens if the shutdown drags on | Euronews
The ‘doomsday’ scenario: Here’s what happens if the shutdown drags on | Euronews
The country would face an economic hellscape if the government shutdown last “months or even years,” as the president has suggested it might, experts tell NBC News.
The doomsday scenario might be unlikely — the longest the federal government has ever shut down is 21 days, a record that will fall if the current closure lasts until Saturday — but it is chilling.
“We’ll be in no man’s land,” Mark…
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#2 million without rental assistance and facing possible eviction#38 million low-income Americans lose food stamps#6 million face an uncertain timetable for collecting tax refunds#800000 paycheck-less federal employees plunged into dire financial straits#Disaster relief money doesn&039;t get to storm-ravaged areas#doomsday scenario#economic hellscape#Federal court system slows to a crawl#Here&039;s what happens if the shutdown drags on#Lapsed FDA and EPA inspections lead to dangerous outbreaks#Private companies looking to go public are stuck in limbo#PUBLIC IN DANGER#Shuttered parks and museums while overstressed airports cause tourism to tank#Stock market plummets#STOCK SHOCK#TOURISM DEVASTATED
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The ‘doomsday’ scenario: Here’s what happens if the shutdown drags on
(NBC News) – The country would face an economic hellscape if the government shutdown lasts “months or even years,” as the president has suggested it might, experts tell NBC News. The doomsday scenario might be unlikely — the longest the federal government has ever shut down is 21 days, a record that will fall if the current closure lasts until Saturday — but it is chilling. “We’ll be in no man’s land,” Mark Zandi, chief economist at Moody’s Analytics, told NBC News. If the worst were to happen, experts say the devastating impact would be widespread:
38 million low-income Americans lose food stamps
6 million face an uncertain timetable for collecting tax refunds
2 million without rental assistance and facing possible eviction
800,000 paycheck-less federal employees plunged into dire financial straits
Shuttered parks and museums while overstressed airports cause tourism to tank
Federal court system slows to a crawl
Disaster relief money doesn’t get to storm-ravaged areas
Lapsed FDA and EPA inspections lead to dangerous outbreaks
Private companies looking to go public are stuck in limbo
Stock market plummets FULL STORY
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