00:00Just a week into the U.S. federal government shutdown, small and mid-sized businesses that rely on federal contracts or regulatory approvals are already halting projects, laying off staff, and scrambling to stay afloat.
00:13Contractors waiting on payments or new work are seeing major delays, while firms with partial federal exposure are shifting resources to stay alive.
00:21Even companies without direct government ties are reporting weakening sales as consumer confidence takes a hit.
00:27Economic forecasts warn that prolonged shutdowns could shave off as much as 0.2 percentage points of GDP growth each week.
00:35With the holiday shopping season looming, many businesses fear that any prolonged standoff will compound revenue shortfalls.
Be the first to comment