"U.S. states accounting for roughly a third of the nation's gross domestic product are currently in recession or on the verge of one as the federal government shutdown enters its fourth week, with congressional Republicans and President Donald Trump refusing to support an extension of key healthcare subsidies that are set to lapse at the end of the year."
"A recent analysis by Moody's Analytics chief economist Mark Zandi estimates that 22 states are experiencing an economic downturn or are at serious risk of recession, a nascent crisis fueled by Trump's tariffs, mass deportations, and sweeping attack on the federal workforce - an assault that has intensified since the federal government shut down at the beginning of October."
"Leor Tal, campaign director at the progressive advocacy coalition Unrig Our Economy, said Monday in response to the analysis that "Republicans in Congress are holding the US economy hostage, and working families are paying the price.""
Pre-shutdown data showed the country's economic situation was already dismal. Estimates indicate 22 states are in recession or at serious risk, together accounting for roughly one-third of national GDP. Contributing factors include tariffs, mass deportations, and sweeping reductions in the federal workforce, pressures that intensified after the federal government shut down in early October. States identified as in or on the brink of recession include Maine, Oregon, Washington, Illinois, and Georgia; California and New York are described as treading water. Congressional refusal to extend key healthcare subsidies coincides with the prolonged shutdown and heightens economic strain.
Read at Truthout
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