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VOL. 43 | NO. 3 | Friday, January 18, 2019

Government shutdown poses increasing risk to wider economy

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WASHINGTON (AP) — As the government shutdown enters a second month, economists say it could pose a threat to the wider economy.

The biggest effect is likely to be the cutback in federal spending. But consumer spending is another important factor.

When government employees spend less, stores and restaurants that serve them suffer. So do landlords and lenders that do business with federal workers. Spending and growth will probably rebound once the government reopens, but most of the restaurant meals missed and hotel stays canceled will never be made up.

John Sprinkle is a furloughed federal employee. He and his wife would normally be planning their summer vacation. But not now. The family is putting off the purchase of a new computer and postponing eating out and attending events.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0