Nonpartisan 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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General Mills recalls some flour over salmonella concernsMINNEAPOLIS (AP) — General Mills is voluntarily recalling some bags of its Gold Medal Unbleached Flour because of salmonella concerns. The 5-pound (2.26 kilograms) bags have a 'better if used by' date of April 20, 2020 and the UPC code 000-16000-19610-0. Customers should discard the product. The company says it discovered salmonella during sampling of the product, but it has not received 'any direct consumer reports of confirmed illnesses.'
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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.
Read more »
Partial U.S. government shutdown cost economy $3 billion: budget officeThe U.S. economy is expected to lose $3 billion from the 35-day partial federal ...
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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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