[Congressional Record Volume 159, Number 147 (Wednesday, October 16, 2013)]
[House]
[Page H6615]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          GOVERNMENT SHUTDOWN

  (Mrs. CAROLYN B. MALONEY of New York asked and was given permission 
to address the House for 1 minute and to revise and extend her 
remarks.)
  Mrs. CAROLYN B. MALONEY of New York. Mr. Speaker, as the ranking 
member on the Joint Economic Committee, I would like to call your 
attention to this recent report. It is subtitled, ``Ten Ways the 
Shutdown is Hurting the Economy.''
  Its findings are rather sobering.
  The report makes it clear that the shutdown acts as a serious drag on 
our economy. Economists have testified before the committee that 3 or 4 
weeks of a shutdown would reduce the country's gross domestic product 
by 1.4 percentage points. We are now entering the third week.
  The shutdown harms not only Federal workers, but also the private 
sector. If it persists, it will reduce tourism revenue, cause 
contractors to lay off employees; the housing market will suffer, and 
public health services will feel its effects. The shutdown hurts 
everyone, from vulnerable mothers and children to ranchers, farmers, 
and agricultural exporters.
  We are close to ending this crisis, and as the JEC points out in this 
report, it could not end faster. It is hurting our economy.

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