"And so right now, I think our Council of Economic Advisers' estimate of how much harm there is to GDP is it's probably going to cost us one to one and a half percentage points of the fourth quarter. But that doesn't mean we're going to get a negative quarter. I think if we had two or three more weeks, especially if it ran into Thanksgiving, we probably would have had a negative quarter."
"All right. Well, that is good news. In terms of the president rolling out this idea, and we've talked about this over the last several months, of whether or not affordability questions could be alleviated to some extent by individual rebates for low and middle-income individuals. The president now looks like he's leaning towards a dividend of $2,000 per person that would be paid to everyone. What do you think of that plan?"
Transportation operations are expected to be largely restored by Thanksgiving under Secretary Duffy's leadership. The Council of Economic Advisers estimates the shutdown will shave roughly one to one and a half percentage points off fourth-quarter GDP, but it likely will not produce a negative quarter. Had the shutdown continued two to three more weeks, a negative quarter was probable, which could have triggered a recession designation after two negative quarters. The president is considering a $2,000 per-person dividend rebate intended to alleviate affordability pressures for low- and middle-income individuals.
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