Report estimates longest-ever government shutdown cost the economy $11 billion—$3 billion of which will never be recovered.
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Shutdown cost U.S. economy $11 billion, budget office saysNonpartisan Congressional Budget Office finds that the US economy took an $11,000,000,000 hit -- including $3,000,000,000 that's gone forever -- in the 35 days that parts of the US federal government went unfunded.
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The shutdown cost the economy $11 billion – including a permanent $3 billion loss, government saysOverall, the CBO projected economic growth will slow this year to 2.3 percent, compared to the 3.1 percent rate last year, as the benefits of the new tax law begin to fade.
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The government shutdown cost the U.S. economy $3 billion, which will never be recovered: Report'Among those who experienced the largest and most direct negative effects are federal workers who faced delayed compensation and private-sector entities that lost business,' the Congressional Budget Office wrote in the report.
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Shutdown projected to cause $3B permanent hit to economyWASHINGTON (AP) — The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office.
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