Government shutdown in Washington

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Washington - The government shutdown that ended this week will cost the United States economy several billion dollars, according to estimates by economic research films. But the affiliated damage - like the undermining of consumer and business confidence - will be far greater, economists said, especially combined with the financial effects of the near country's statutory debt ceiling. when the federal government shutdown  on Oct. 1, permit offices across the country stopped accepting  fees, contractors stopped receiving checks and research projects became installed. The three weeks of government shutdown will cost the economy $3.1 billion in gross domestic product from lost government services. It might take months for the Obama administration to come up with a thorough accounting of the direct cost to the taxpayers of putting much of the government out of business and then reopening it. Putting huge parts of the federal government offline will produce some savings for the taxpayer through reduced hours for certain contract employees and from lower operational cost for instance. But those savings would almost certainly overwhelmed by losses, users and permite fees. The government has lost out on millions of dollars that would have been spent at shuttered parks, caves, monuments and museums for instance, with the national park service putting its toll 450,000 a day. Another major cost is related to payments to contractors and other service providers that the government missed. Some business might be due interest because of the late checks or might request compensation because of the disruption. But the heftiest cost will be paying federal workers for time they spent idle - about 800,00 workers were barred from working. Some offices might have to increase overtime to rush that did not get done.