CBO: Government Shutdown Cost Economy $3 Billion That Isn’t Coming Back
Hardest on the most unfortunate. Hard on small biz people. Calling all checks and balances, we need you now.
The nonpartisan Congressional Budget Office on Monday estimated that the shutdown cost the economy $11 billion. Most of that will be recovered, but not all of it: The CBO said that some $3 billion in economic activity has been permanently lost.
And not everyone felt the effects equally. The report said that the shutdown had “much more significant effects on individual businesses and workers” than the overall economy.