The partial blackout of the U.S. government caused a considerable aftermath in the world’s largest economy. A lot of things have taken place in 16 days including worldwide financial losses. Experts of the top international statistical and credit rating agency Standard & Poor’s have figured up how much the partial government shutdown cost the country. According to the released estimates, the U.S. economy has fallen short of $24 billion. S&P’s analysts believe that such a long shutdown of government agencies and public offices had an impact even on GDP. On an annual basis, its value dropped by 0.6% and came up to 2% in the fourth quarter instead of the expected growth of 3%. However, it is still early to celebrate victory and the emergency last minute trigger. Some concerns suggest that the U.S policymakers will launch a new round of fiscal talks again after the debt ceiling increase deadline approaches. Nobody ventures to predict how it will end up. In the meantime, as long as the Republicans and Democrats reached the interim agreement President Barack Obama endorsed a draft budget immediately after it had been submitted to the White House Administration late on October 16. Eventually, while the Democrats’ policymakers in the Congress made terms concerning the reduction in Obama’s health-care law, the Republicans in their turn admitted to discharge wages arrears to furloughed employees until January and raised the government’s debt deadline until February 7, 2014. It might happen that the parties will draw a lesson from the bitter political fighting and spare the country’s budget $24 billion for the future.
