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Letter from CFO to the Council Chairman Regarding the Economic Impact of a Federal Government Shutdown

Wednesday, April 6, 2011

Letter from CFO to the Council Chairman Regarding the Economic Impact of a Federal Government Shutdown

A preliminary estimate of the impact on the District of a federal shutdown ranges from $1 million to $6 million per week in lost revenue.

Chief Financial Officer Natwar M. Gandhi, in his letter to Council Chairman Kwame R. Brown, provides an analysis of the economic impact on the District if Congress fails to pass a budget that keeps the federal and District governments running throughout fiscal year 2011.