CBO: Trump Shutdown Cost The Economy $3 Billion That We’ll Never Get Back
January 28, 2019
The nonpartisan Congressional Budget Office confirmed today that the Trump Shutdown did significant damage to our economy.
The CBO estimates that the 35-day Trump Shutdown cost the U.S. economy $11 billion, with $3 billion permanently lost.
CNBC: “The federal government shutdown cost the economy $11 billion, according to a new analysis from the nonpartisan Congressional Budget Office. Although most of the damage to the economy will be reversed as the government re-opens and workers return to their jobs, the CBO estimated $3 billion in economic activity is permanently lost.”