Category: general

The post White House adviser says shutdown may push US Q4 growth into negative territory appeared com. A Director of the National Economic Council of the United States, Kevin Hassett, cautioned that the US economic growth might drastically drop if the ongoing federal shutdown continues. During an interview on CBS’s “Face the Nation” on Sunday, November 9, Hassett noted that the lack of air traffic controllers is causing significant travel disruptions as Thanksgiving approaches. “Thanksgiving is one of the busiest times of the year for the economy. and if people can’t travel during that period, we could see a negative quarter for the fourth quarter,” the White House economic adviser explained. Flight delays in the US hinder traveling as Thanksgiving approaches On Sunday, US-based airlines canceled over 2, 200 flights, raising concerns among passengers. To address these concerns, the country’s Secretary of Transportation, Sean Duffy, cautioned that air travel will slow down to a “trickle” because air traffic control was experiencing staffing shortages as Thanksgiving draws near. He attributed this situation to the ongoing federal shutdown. His statement came after several airlines reportedly faced their third consecutive day of mandatory flight cuts due to delays and cancellations that interfered with travel schedules on Saturday, November 8. Notably, the federal shutdown has lasted 40 days, resulting in a shortage of air traffic controllers, who, like other federal employees, have not received pay for weeks. “It’s only going to get worse. during the two weeks before Thanksgiving, you’ll see air travel drop significantly,” Duffy stated on CNN’s “State of the Union.” These US flight delays have disrupted the plans of millions of individuals, as most of them had preferred to travel before Thanksgiving. This event is one of the significant holidays in the country, taking place on November 27 this year. Still, Duffy warned that many individuals will be unable to board airplanes as there will be insufficient flights if.