

A coalition of national business associations and trade groups are urging Congress to end the currently month-long federal government shutdown to avoid continued harm to the nation’s economy.
The group of 16 organizations, covering sectors ranging from banking and hospitality to manufacturing and retail, said rough estimates of the shutdown’s “real escalating costs” are between $10 billion to $15 billion per week. And the longer the shutdown persists, the larger the economic damage will be, and some of it may not be recoverable.
“Among many other impacts, each day the government remains closed increases the permitting backlog for major infrastructure projects,” read a version of the coalition’s statement published by the National Retail Federation. “The nation’s air traffic control system and its workforce are also showing signs of stress.”
The business organizations said Congress needs to “swiftly pass a clean continuing resolution to reopen the federal government. Immediately reopening the government would avert further economic disruption and give Congress and the Administration time to negotiate a longer-term funding package and address other pressing issues.”
