Will dire new White House estimates of the shutdown's drag on the economy convince Trump to fold?

CNN panel discusses Trump and the economic toll of his shutdown
(Image credit: Screenshot/Twitter/CNN)

"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."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

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.

Sign up
Explore More
Peter Weber, The Week US

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.