US EditionParalyzing Winter Storms Put a Big Chill on the US Economy, but How Much?
The storm grounded 11,400 flights and caused widespread power outages, with preliminary loss estimates ranging from $105 billion to multiple billions, experts said.
- On Jan. 26, 2026, a deadly winter storm struck the U.S. East, grounding 11,400 flights at Ronald Reagan Washington National Airport and New York area hubs, and killing at least 25 people.
- Ice and heavy snow toppled electrical lines, leaving hundreds of thousands without power and damaging trees and cars, while major transportation hubs shut down, disrupting supply chains and business operations.
- AccuWeather released a preliminary $105 billion–$115 billion estimate, but several experts called it an outlier and insufficiently detailed despite grounding 11,400 flights.
- Disruptions to commerce and power outages are driving immediate losses, as businesses shut down for days or more, prolonging revenue losses and recovery time.
- As the climate warms, researchers warn severe weather can cut GDP by 0.5% to 2%, equaling $150 billion to $600 billion on a U.S. GDP at about $30 trillion.
52 Articles
52 Articles
Paralyzing winter storms put a big chill on U.S. economy, but how much?
Experts say the massive winter storm hitting the American East is taking a multi-billion dollar toll on the U.S. economy. But exactly how much is hard to quantify. Experts say it can be easier to calculate the cost of storms…
The billion-dollar storm? Economists debate how much activity Winter Storm Fern laid waste to
The deadly and widespread winter storm paralyzing much of the American East with ice, snow and cold is also taking a multi-billion dollar bite out of the U.S. economy, experts figure. But how much? Economists and meteorologists are trying to get a handle on the disruption costs of winter weather disasters, which aren’t as easy to calculate as buildings destroyed by hurricanes, floods and fires. “Events like this storm highlight just how intercon…
Associated Press News
Paralyzing winter storms put a big chill on US economy, but how much?
Experts say the massive winter storm hitting the American East is taking a multi-billion dollar toll on the U.S. economy. But exactly how much is hard to quantify.
Paralyzing winter storms put a big chill on the US economy, but how much?
The deadly and widespread winter storm paralyzing much of the American East with ice, snow and cold is also taking a multi-billion dollar bite out of the U.S. economy, experts figure.But how much? Economists and meteorologists are trying to get a handle on the disruption costs of winter weather disasters, which aren’t as easy to calculate as buildings destroyed by hurricanes, floods and fires.“Events like this storm highlight just how interconne…
Massive winter storm puts schools, churches and other activities on hold
Sometimes it takes a massive winter storm to make us pause and put our lives on hold, such as the ice and snow which hit the area Sunday, as well as much of the nation. It closed schools, put a pause on church services and most other activities. A large part of the nation is still reeling from the storm, although most of the roads in the Elizabethton area have been cleared and most people are able to return to work. Also, most businesses were op…
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