If funding is fully restored, the money will be repaid to the Arnolds as though it were a no-interest loan. On October 4, the White House announced that Obama's trip to Brunei, Malaysia, the Philippines and Indonesia, where he was scheduled to attend the 2013 Asia-Pacific Economic Cooperation meeting in Bali, would be cancelled due to the government shutdown. However, U.S. Secretary of State John Kerry, who traveled in his place, asserted that "none of what is happening in Washington diminishes one iota our commitment to our partners in Asia". Speaking to world leaders at the APEC forum, Kerry remarked: "This is an example, really, of the robustness of our democracy." In addition, the Obama administration's efforts to push forward the proposed Trans-Pacific Strategic Economic Partnership trade pact with eleven other countries, was compromised. On October 4, U.S. Trade Representative Michael Froman announced that a scheduled meeting with European Union diplomats regarding the proposed Transatlantic Free Trade Area (TAFTA) would be postponed as U.S. officials could not travel to Brussels. Moody's Analytics estimated that a shutdown of three to four weeks would cost the economy about $55 billion. Lost wages of Federal employees will amount to about $1 billion a week. Goldman Sachs estimated that a three-week shutdown would reduce the gross domestic product of the United States by 0.9%. According to the "Los Angeles Times", a two-week shutdown would reduce GDP growth in the fourth quarter by 0.3 to 0.4 percentage points. By comparison, the GDP has grown by less than 2% in 2013. The negative economic effect of the shutdown will be particularly severe in the Washington, D.C. metropolitan area. Approximately 700,000 D.C. area jobs could be affected at a cost of $200 million a day. The State of Maryland predicted that it would lose approximately $5 million a day in tax revenue. Local communities across the country are also seeing a significant negative economic effect, particularly those communities that are heavily dependent on the Federal government. A press release from the National Park Service said the shutdown of national parks would result in losses of $76 million a day in tourism-related sales among local communities, but during the government shutdown the National Park Service website was unavailable. During the month of October, tourists spend about $2.7 million a day at the Grand Canyon National Park and other National Parks in Arizona. Xanterra Parks and Resorts, a concessioner which operates hotels, restaurants and other visitor services in 21 national parks, reported that it was losing $1 million in revenue each day because the parks have closed.