Shutdown Shakes Up Economy & Holiday Travel
ICYMI, the US federal shutdown just hit Day 40 🔒, and it2s not looking pretty for the economy. Kevin Hassett, the White House economic adviser, warned business and holiday travelers that if this impasse drags on, Q4 GDP could slump into the red 📉.
"Thanksgiving is like our year-end festival, when travel is at its peak. If flights get grounded, spendings nosedive," Hassett told CBS’s Face the Nation. Think of it as booking a train home for Diwali meets last-minute chaos 😬.
Treasury Secretary Scott Bessent doubled down on the bad news on ABC’s This Week, saying growth might shrink by half this quarter if nothing changes 💸.
- 40 days and counting: Federal workers are still furloughed.
- Food aid & park closures: Community support stalls.
- Air traffic controller shortage: Major flight delays ahead of the US holiday season 🛫.
For young pros scrolling through deals this Black Friday season, keep an eye on airfare and hotel rates—they could spike or get scarily unpredictable.
While the US scrambles to reopen the government, global markets and travelers everywhere are feeling the ripple effects. Let’s hope negotiators find common ground soon, because nobody wants a holiday season stuck in limbo 🙏.
Reference(s):
Top White House officials issue dire economic warnings amid shutdown
cgtn.com
