Some economic influence about United States federal government shutdown

The United States federal government entered a shutdown on the first of October because the government fail to enact a continuing resolution for the 2014 fiscal year. Over 800,000 people would be furloughed without pay. It is estimated that the shutdown will reduce 0.3% of the economic growth of the United States economy in the fourth quarter.

The shutdown causes serious problems. Many tourist attractions are forced to close, including Yellowstone National Park, Statue of Liberty. For example, October 1st is Chinese Nation Day and Chinese people all have a 7-day holiday. Many of them supposed to have a good time travelling to America. Now, they have to change their schedule because these tourist attractions are all closed. Meantime, the shutdown also leads to economic loss on the whole tourism industry. If this continues, some tourist cities may even break.

The shutdown also affect American’s life. IPhone 5S/5C have launched already and many apple fans are going to buy it. Since there are lots of people in the line, some federal employees who are not paid by the government earn their money by standing in the line and buying iPhones for those people do not have enough patient to wait.

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