Goldman Sachs: The US government shutdown could deal the most severe blow to the US economy in history.

Odaily reports that Goldman Sachs economist Alec Phillips has warned that a US government shutdown could have the largest economic impact in history, potentially lasting longer than the 35-day shutdown of 2018-19 and affecting more institutions. The six-week shutdown could reduce fourth-quarter economic growth by 1.15 percentage points, with a rebound not expected until early 2026.