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Moody's Analytics estimated that a shutdown of three to four weeks would cost the economy about $55 billion. Lost wages of Federal employees will amount to about $1 billion a week. [177] Goldman Sachs estimated that a three-week shutdown would reduce the gross domestic product of the United States by 0.9%. [178]
The CBO estimated that in the absence of sequestration, the GDP would grow about 0.6 percentage points faster for 2013 (from 2.0% to 2.6% or about $90B) and about 750,000 more jobs would be created by year-end. [5] As of May 2013, FY2013 spending ($3.455 trillion) was projected to be lower in an absolute sense than FY2012 spending ($3.537 ...
A bill increasing the borrowing authority of FEMA was enacted on January 6, 2013, and the appropriations bill was enacted on January 29, 2013. [21] At around 2 a.m. on January 1, 2013, the Senate passed a compromise bill, the American Taxpayer Relief Act of 2012, by a margin of 89–8. The bill would delay the budget sequestration by two months ...
Exxon Mobil Corporation Announces Estimated Second Quarter 2013 Results IRVING, Texas--(BUSINESS WIRE)-- Exxon Mobil Corporation (NYS: XOM) : Second Quarter First Half 2013 2012 %
The emerging mobile payments market holds many opportunities for shrewd investors. In fact, research firm Forrester estimates that U.S. mobile payments are on track to hit $90 billion transactions ...
Pay would be reinstated once a budget was passed or on January 2, 2015 (the last day of the 113th Congress), whichever came first. [16] Under the law, the debt ceiling would be set on May 19, 2013, to a level "necessary to fund commitment incurred by the Federal Government that required payment." [15]
Calpian, Inc. to Present at the 2013 Mobile Payments Congress on January 28, 2013 DALLAS--(BUSINESS WIRE)-- Calpian, Inc. (OTC:CLPI) announced today that Harold Montgomery, Calpian Chairman and ...
The CBO estimated that the total deficit of fiscal year 2012 (which ended on September 30, 2012) will be $1.171 trillion. The CBO also estimated that the total reductions to the fiscal year 2013 deficit by letting current laws take effect (which increase taxes and reduce spending) would be about $560 billion. [58]