“Government shutdowns impose real, escalating costs,” the joint statement said. “While exact figures vary, public estimates of the current funding lapse suggest $10–15 billion per week in lost output and economic activity. The longer the shutdown persists, the larger and more durable the economic damage becomes—and some of it could never be recovered.”
A broad coalition of major US business associations has urged Congress to end the ongoing government shutdown, warning that it is costing the economy up to $15 billion weekly and causing lasting harm.
The statement cited backlogs in infrastructure permits and strain on air traffic systems, pressing lawmakers to pass a clean continuing resolution to restore government operations promptly.
The coalition highlighted that the closure is deepening the permitting backlog for major infrastructure projects and straining the nation’s air traffic control system. “Each day the government remains closed increases the permitting backlog for major infrastructure projects. The nation’s air traffic control system and its workforce are also showing signs of stress,” the statement added.
“We urge Congress 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,” the statement concluded.
The joint appeal was issued by a wide group of industry bodies, including Airlines for America, American Bankers Association, American Hotel & Lodging Association, Associated General Contractors of America, Association of Equipment Manufacturers, Business Roundtable, Financial Services Forum, Information Technology Industry Council, National Association of Home Builders, National Association of Manufacturers, National Association of Realtors, National Association of Wholesaler-Distributors, National Electrical Manufacturers Association, NRF, the US Chamber of Commerce and US Travel Association.
Fibre2Fashion News Desk (KD)
