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A government shutdown could slash fourth-quarter GDP due to travel chaos and service disruptions, warns White House economist Kevin Hassett.
White House economic adviser Kevin Hassett warned that continued federal government shutdown could lead to negative fourth-quarter GDP growth, citing disruptions like air traffic controller shortages causing major travel delays during Thanksgiving.
He said reduced economic activity during this peak travel period could significantly impact overall growth, highlighting concerns over the economic toll of prolonged shutdowns on critical services and consumer movement.
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Un cierre del gobierno podría reducir drásticamente el PIB del cuarto trimestre debido al caos de los viajes y las interrupciones del servicio, advierte el economista de la Casa Blanca Kevin Hassett.