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Shutdown impact on economy

SPRINGFIELD -- Twenty-four hours after the U.S. Senate and House reached a deal to re-open the government, we have an idea of how much the shutdown cost.
SPRINGFIELD -- Twenty-four hours after the U.S. Senate and House reached a deal to re-open the government, we have an idea of how much the shutdown cost. The country lost out on a lot of money over those sixteen days.

In the end, you paid for it. Standard and Poor's estimates the U.S. Government lost $24 billion in those two weeks and two days. To put it in perspective, that's about half of the amount of money the state of Illinois spends each year.

You will not find many people happier to see Lincoln's front door back open than Casey Conn. He owns Obed and Isaac's, a brewery about a block away from the historic neighborhood.

Not right in the heart of downtown, Conn relies a lot on traffic from this national park.

"There's over 450,000 people a year that visit lincoln's home. And when you take those people away, it puts a big hurting on lunch crowd."

Conn is not alone. The U.S. Travel Association says the country lost about $152 million per day in travel spending during the shutdown. The National Park Service says the country lost out on $76 million per day in national parks alone.

In total, S&P puts the damage on the economy at $24 billion. That's money which could have been pumped into local economies, and our state economy, which desperately needs it.

"I know they try to look at the bigger picture, but there's probably a bigger one after that. You have to look at all of the little guys as well," Conn said.

He sees his share of the $24 billion in empty bar stools. Now, he's hoping foot traffic increases again soon and fills them.

"We'll just start from scratch, I guess."

This shutdown will be felt for awhile. The GDP was on track to grow about 3% in the fourth quarter. That's the market value of goods and services in the U.S. Now, that number is only expected at about 2.4%.
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