US government shutdown to furlough 750,000 workers daily, costing $400M

The United States is set to enter a government shutdown for the first time since 2018, impacting a significant number of federal employees and the economy. The shutdown is expected to furlough approximately 750,000 workers each day, resulting in an estimated daily compensation cost of around $400 million.

This situation has prompted investors to prepare for the potential economic ramifications of the shutdown. The furlough of federal workers will disrupt various government services and operations, raising concerns about the broader effects on the economy.

As previously reported, similar situations have occurred in the past, leading to significant financial implications for both workers and the government. The current shutdown highlights ongoing challenges in federal budget negotiations.

For more on related coverage, see how Ukraine receives €4B EU tranche under ERA mechanism from frozen Russian assets.

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