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Trump White House quietly doubles cost estimate for shutdown as experts fear wipe out of 1st quarter profits

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The Trump administration this week doubled its forecast for the cost of President Donald Trump’s government shutdown.

CNBC reported that original cost estimates said that the shutdown would subtract 0.1 percentage point of growth from the economy every two weeks. An anonymous Trump administration official told the network that the estimate had been doubled to 0.1 percentage point every week.

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CNBC noted:

The administration had initially counted just the impact from the 800,000 federal workers not receiving their paychecks. But they now believe the impact doubles, due to greater losses from private contractors also out of work and other government spending and functions that won’t occur.

If the shutdown lasts the rest of this month, it could subtract a sizable half a percentage point from gross domestic product, the official said.

The revision comes as some economists worry that the shutdown could wipe out first quarter growth entirely.

Ian Shepherdson of Pantheon Macroeconomics wrote in a report that growth could turn negative.

“If the shutdown were to last through the whole quarter, we would look for an outright decline in first quarter GDP,” Shepherdson explained.


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South Carolina woman who told cops they can’t arrest a ‘white, clean girl’ pleaded guilty to DUI: report

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Last year, 34-year-old Lauren Cutshaw of South Carolina was arrested in Bluffton after running a four-way stop sign at 60 miles an hour. Her blood alcohol level was registered at 0.18 — more than double the legal limit — and she admitted to being high and had marijuana paraphernalia in her car.

According to police reports at the time, Cutshaw offered an unusual defense of her behavior to the arresting officer: she shouldn't go to jail because she's a "thoroughbred ... white, clean girl" who was a cheerleader and sorority sister who graduated with "perfect grades" from a "high accredited university."

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Republicans are getting nervous about Trump’s chances in Wisconsin: ‘There’s no way he’s gaining supporters’

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President Donald Trump's election chances, once again, will likely hinge on Wisconsin's suburbs -- but he can't expect a "free ride."

Hillary Clinton infamously lost the crucial state after failing to campaign there in the waning days before the 2016 election, but some GOP voters there are souring on the president, reported Politico.

“For the president to win Wisconsin again, he’s not going to have the free ride he had last time,” said Brandon Scholz, former executive director of the Wisconsin Republican Party. "He’s not going to have Hillary Clinton sitting on her hands “He’s going to have a completely engaged opposition party on the ground.”

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Covering up the corruption: GOP tries to block new Mike Pence investigation

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Vice President Mike Pence's trip to Ireland — or more precisely his curious stay at one of President Trump’s hotels — has prompted multiple congressional probes. But the Democrat-led oversight investigations have already drawn complaints and pushback from Trump’s loudest Republican defenders on Capitol Hill, including the ranking member of the House Oversight Committee.

Democrats in both the House of Representatives and Senate have sent official letters of inquiry to the vice president’s office seeking specific information on the costs of Pence's recent stay at Trump International Golf Club in Doonbeg, Ireland. They have imposed a Sept. 19 deadline for the administration and the Trump Organization to turn over relevant documents. Democrats have raised concerns that Pence’s stay at Trump’s resort could have violated the emoluments clause in the Constitution. They’ve asked for details like the cost of the stay, Secret Service protection, and comparable rates for hotels nearby as well as across the country in Dublin, where Pence held meetings with Irish officials and business leaders.

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