{"id":394492,"date":"2019-01-29T09:54:56","date_gmt":"2019-01-29T08:54:56","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-us-shutdown-cost-twice-as-much-as-trumps-wall\/"},"modified":"2019-01-29T09:54:56","modified_gmt":"2019-01-29T08:54:56","slug":"presstv-us-shutdown-cost-twice-as-much-as-trumps-wall","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-us-shutdown-cost-twice-as-much-as-trumps-wall\/","title":{"rendered":"PressTV-US shutdown cost twice as much as Trump\u2019s wall"},"content":{"rendered":"<div>\n<p><strong>The recent partial US government shutdown cost the American economy twice as much as the money President Donald Trump had requested to build a wall on the border with Mexico, the Congressional Budget Office has revealed.<\/strong><\/p>\n<p>The 35-day impasse, which began on December 22 after congressional Democrats refused to give Trump $5.7 billion for the barrier, set back the economy by $11 billion, the CBO said in a report on Monday.<\/p>\n<p>The shutdown\u2019s impact on economic activity amounted to $3 billion, or 0.1 percent of gross domestic product (GDP), during the fourth quarter of 2018 and was projected to go all the way up to $8 billion, or 0.2 percent, in the first quarter of 2019.<\/p>\n<p>Trump was forced to reopen the government on Friday by accepting a temporary spending bill that would keep federal agencies open for three weeks, giving enough time to Republican and Democratic leaders to try and reach a deal on the US-Mexico border wall.<\/p>\n<p>The CBO said while the&#8230;<\/p>\n<\/div>\n<p> <a href=\"http:\/\/www.presstv.ir\/Detail\/2019\/01\/29\/587087\/US-shutdown-cost-CBO-report-economy\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent partial US government shutdown cost the American economy twice as much as the money President Donald Trump had requested to build a wall on the border with Mexico, the Congressional Budget Office has revealed. The 35-day impasse, which began on December 22 after congressional Democrats refused to give Trump $5.7 billion for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-394492","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/394492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=394492"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/394492\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=394492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=394492"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=394492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}