Effects of the U.S. government shutdown

Effects of the U.S. government shutdown

The five-week long US government shutdown cost the economy $11 billion.

The U.S. government shut down on December 22, 2018, and after five weeks, the longest in American history, costs have been measured, and the toll is high.

The shutdown cost the U.S. economy $11 billion, as lost output from federal workers, delayed government spending, and reduced demand were the major punch-takers, according to analysis by the nonpartisan Congressional Budget Office (CBO).

Other costs, according to CBO, were $18 billion from delayed federal spending over the five-week period.

Some economic costs are expected to be reversed as federal workers return to their jobs, but not all of the losses are expected to be recovered. $3 billion is estimated to have been lost permanently, according to the CBO.

The shutdown partially ended when President Trump signed a spending bill to fund the government through February 15. That bill contained no funding for the much-hyped border wall.

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2019-02-15T16:10:37+00:00

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