Will dire new White House estimates of the shutdown's drag on the economy convince Trump to fold?
"The partial government shutdown is inflicting far greater damage on the United States economy than previously estimated," The New York Times reports, citing new White House projections. "The analysis, and other projections from outside the White House, suggests that the shutdown has already weighed significantly on growth and could ultimately push the United States economy into a contraction." It has already sliced half a percentage point from economic growth and is tipped to get worse with each passing week.
White House officials are now cautioning Trump, "who has hitched his political success to the economy," about the economic toll of the shutdown, the Times reports. "Some people involved in the shutdown discussions in the White House have privately said they anticipate that Mr. Trump will grow anxious about the economic impact in the coming days, accelerating an end to the stalemate. Others close to the president believe Mr. Trump has leverage and are encouraging him to stand by his demands."
On CNN's New Day, contributor Frank Bruni and senior political analyst John Avlon were skeptical.
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"This shutdown is a serious matter, but the question is: Who budges with this information?" Bruni asked. "I don't see Democrats moving, because they feel very confident in their position and they have every reason to," given public opinion, but "on the other side, for the president, every day this goes on it becomes an ever-more-fierce point of pride." "On the one hand, you've got the practical implications of the shutdown on real people, and the president's pride — these are not actually equivalent position," Avlon said. "And the president who's hitched his star on the economy is going to maybe pay attention to this report, because this is twice as bad as they expected."
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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
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