Will dire new White House estimates of the shutdown's drag on the economy convince Trump to fold?
"The partial government shutdown is inflicting far greater damage on the United States economy than previously estimated," The New York Times reports, citing new White House projections. "The analysis, and other projections from outside the White House, suggests that the shutdown has already weighed significantly on growth and could ultimately push the United States economy into a contraction." It has already sliced half a percentage point from economic growth and is tipped to get worse with each passing week.
White House officials are now cautioning Trump, "who has hitched his political success to the economy," about the economic toll of the shutdown, the Times reports. "Some people involved in the shutdown discussions in the White House have privately said they anticipate that Mr. Trump will grow anxious about the economic impact in the coming days, accelerating an end to the stalemate. Others close to the president believe Mr. Trump has leverage and are encouraging him to stand by his demands."
On CNN's New Day, contributor Frank Bruni and senior political analyst John Avlon were skeptical.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"This shutdown is a serious matter, but the question is: Who budges with this information?" Bruni asked. "I don't see Democrats moving, because they feel very confident in their position and they have every reason to," given public opinion, but "on the other side, for the president, every day this goes on it becomes an ever-more-fierce point of pride." "On the one hand, you've got the practical implications of the shutdown on real people, and the president's pride — these are not actually equivalent position," Avlon said. "And the president who's hitched his star on the economy is going to maybe pay attention to this report, because this is twice as bad as they expected."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
The potential impact of Trump tariffs for the UK
UK goods exports to the US could be hit with tariffs of up to 20% seriously affecting the British economy
By Sorcha Bradley, The Week UK Published
-
Shoot to Kill: Terror on the Tube – a 'raw' and 'riveting' docuseries
The Week Recommends Channel 4's 'gripping' two-part show explores the Metropolitan police killing of an innocent man in the aftermath of 7/7
By Irenie Forshaw, The Week UK Published
-
'Salute to those who served'
Today's Newspapers A roundup of the headlines from the US front pages
By The Week Staff Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published