Reuters - Video

Edition: US | UK | IN | CN | JP

video Politics

High price for a government shutdown

Wednesday, April 06, 2011 - 01:54

Apr 6 - As the budget stalemate threatens to partially shutdown U.S. government, many are bracing for the worst. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

As the countdown continues to a possible partial government shutdown at midnight on Friday, workers whose paychecks depend on the U.S. government are preparing themselves for the worst: SOUNDBITE: DAVID REYNOLDS, U.S. FEDERAL AVIATION ADMINISTRATION EMPLOYEE, (ENGLISH) SAYING: "Well, it's going to be a huge waste of money. I work on programs that will cost millions of dollars to shutdown and start back up, even if it's for one day. I mean, it's going to be an enormous waste." SOUNDBITE: DANE SMITH, GOVERNMENT CONTRACTOR WHO WORKS ON COMPUTER SOFTWARE, (ENGLISH) SAYING: "I work for a contractor, so they will probably shut us down too, but at some point we're all going to have to bite the bullet. " Around 800-thousand workers could be idled according to a senior U.S. official. Employees that are considered essential, like the U.S. military, would still go to work. The costs could be staggering: Decision Economics Senior Economist Cary Leahey: SOUNDBITE: CARY LEAHEY, SENIOR ECONOMIST, DECISION ECONOMICS, (ENGLISH) SAYING: "The impact on the economy will probably be on the order of about $5 billion per week of lost output meaning lost workers salaries and purchases of goods and services. That might be worth as much as two tenths of one percent on quarterly GDP growth." While accusations fly among politicians, Americans are increasingly frustrated by the stalemate. SOUNDBITE: NANCY BLEVINS, GOVERNMENT CONTRACTOR WHO WORKS IN AN ACQUISITIONS DEPARTMENT (ENGLISH) , SAYING: "It's ludicrous. I mean, it's like the drama queens on the Hill need to get busy, and everybody's going to have to give a little, and it's called, 'compromise.'" SOUNDBITE: STEPHANIE FONTAINE, U.S. DEPARTMENT OF DEFENSE EMPLOYEE, (ENGLISH) SAYING: "It just seems like it's more of a political issue getting the two sides to come to an agreement than it is actually making a difference financially, so it's a bit frustrating when it comes to that." While both Democrats and Republicans insist they want to keep government open, polls show Americans would hold both parties equally responsible for any shutdown . Bobbi Rebell, Reuters.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

High price for a government shutdown

Wednesday, April 06, 2011 - 01:54