The Economic Cost Of Rep. Michael Grimm’s Government Shutdown? $20 Billion – And Counting

October 16, 2013

Washington, D.C. – At the hands of Rep. Michael Grimm, the federal government shutdown has now extended into its third week. And the cost to our economy of the shutdown Michael Grimm forced on New York and the entire country? $20 billion and counting!

Yesterday, economist Mark Zandi of Moody’s Analytics – who once served as an advisor to Republican John McCain – told CNN that the government shutdown has cost our economy $20 billion – a number that grows every single day.

“Michael Grimm should be ashamed of himself,” said Andy Stone, Communications Director for House Majority PAC. “Grimm may pretend to champion fiscal prudence, but in forcing a disruptive government shutdown that’s cost our economy $20 billion, Grimm has made it clear he’s more interested in politics than in doing what’s right for New York.”