Delayed paychecks, reduced working hours, and stalled contracts led to a loss of about $11 billion in gross domestic product over the five-week partial government shutdown, according to a Congressional Budget Office report
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Report estimates shutdown cost economy $11 billion, $3 billion won't be recoveredThe nonpartisan Congressional Budget Office estimates that the longest-running government shutdown in U.S. history came at a price: costing the economy $11 billion.
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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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Government shutdown projected to cost American economy $3 billionIt had a negligible impact on the overall economy, the CBO said.
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