Fog

47°F

Shelton, WA

Fog
Humidity: 97%
  • Local Man Accused Of Diverting Mason County River

    riverbedThe state attorney general's office has accused a 55-year-old Mason County man of using an excavator to fill and divert the Tahuya River without a permit. William Cayo Sr. was charged in Mason County District Court on Thursday with three misdemeanor… Read More +

  • 1
  • Inslee Looks To Election For Climate Allies

    oilrefineryWashington Gov. Jay Inslee is likely in 2015 to roll out ambitious proposals to reduce carbon pollution such as a bill to cap greenhouse gases, but unless Democrats can make gains in the state Senate on Tuesday, he'll face a tougher… Read More +

  • 1
  • Seattle Picks Up 2015 Option On Iwakuma

    Iwakumajune10The Seattle Mariners will have right-hander Hisashi Iwakuma under contract for the 2015 season. The Mariners announced Thursday that Iwakuma's $7 million option was vested based on his on-field performance. Iwakuma missed the first month of the 2014 season but went 15-9 with a 3.52 ERA in 28 starts. In 91 career games with Seattle, Iwakuma is 38-20 with a 3.07 ERA.

    Read More
  • 1

The Costs of the Government Shutdown

b_250_0_16777215_00_images_obgrabber_2013-10_0523acc1c8.jpgHemera/Thinkstock (WASHINGTON) -- The 16-day government shutdown is over, but the country has taken at least a $24 billion hit along the way. The financial ratings agency Standard & Poor’s said on Wednesday that the shutdown “to date has taken $24 billion out of the economy,” equaling $1.5 billion dollars a day, and “shaved at least 0.6 percent off annualized fourth-quarter 2013 GDP growth.”

These estimates are for the overall economy, taking into account not just federal wages and productivity, but all the ripple effects and costs as well.

“The bottom line is the government shutdown has hurt the U.S. economy,” Standard & Poor’s said in a statement.  “In September, we expected 3 percent annualized growth in the fourth quarter because we thought politicians would have learned from 2011 and taken steps to avoid things like a government shutdown and the possibility of a sovereign default.  Since our forecast didn’t hold, we now have to lower our fourth-quarter growth estimate to closer to 2 percent.”

Moody’s Analytics reported a similar number on Wednesday, saying by the end of the day the shutdown will cause a $23 billion hit to U.S. GDP or $1.4375 billion per day.

And that’s not all.  Here’s ABC News’ look at the costs of the shutdown:

  • There was more than $3 billion in lost government services.  Although furloughed workers will get their back pay,  taxpayers won’t see the products.  (Source: I.H.S.)
  • The U.S. Travel Association estimates there has been $152 million per day in all spending related to travel lost because of the shutdown. As many as 450,000 American workers supported by travel may be affected.
  • According to the National Park Service, they welcome more than 700,000 people per day usually in October, and visitors spend an estimated $32 million per day impact in communities near national parks and contribute $76 million each day to the national economy.  Those revenues were lost.
  • According to Destination D.C., the official tourism corporation of Washington, D.C., there is a 9 percent decrease in hotel occupancy from the last week in September before the shutdown, to the first week of October during the shutdown.  This year, hotel occupancy was down 74.4 percent for the week of Sept. 29 to Oct. 5 compared to 2012. (Source: Smith Travel Research, Inc.)

Copyright 2013 ABC News Radio

  1. Environment
  2. Recreation

Tweets

CBarrett19
CBarrett19 - HAPPY HALLOWEEN everyone! Do it big for your @SoundersFC players that cant. #playoffs

Retweeted 5 hours ago

ricktakagi
ricktakagi - I don't know how many other kids dressed up as Dustin Ackley but my son did! #marinershalloween pic.twitter.com/HoVDBBp93r

Retweeted 5 hours ago

wsdot_tacoma
wsdot_tacoma - Cleared: Collision on SR 7 SB near 140th St S at mp 51

5 hours ago

wsdot_tacoma
wsdot_tacoma - Cleared: Collision on SR 308 both dirs. near Brownsville Hwy NE at mp 3

6 hours ago

Public Notices