Download or read book Impacts and Costs of the October 2013 Federal Government Shutdown written by Executive Office Executive Office of the President and published by . This book was released on 2014-11-22 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2013 Federal government shutdown was the second longest since 1980 and the most significant on record, measured in terms of employee furlough days. Outside experts estimate that the shutdown will reduce fourth quarter Gross Domestic Product (GDP) growth by 0.2-0.6 percentage points. The Council of Economic Advisers estimates that the combination of the government shutdown and debt limit brinksmanship may have resulted in 120,000 fewer private-sector jobs created during the first two weeks of October.This book examines the economic, budgetary, and programmatic costs of the government shutdown. These costs include economic disruption, Federal employee furloughs, programmatic impacts, other costs to the Federal budget, and impacts on the Federal workforce.