Economic Impact of Government Shutdown - The US government shutdown is the longest in history, impacting federal employees and benefit recipients [1] - The Congressional Budget Office (CBO) estimates the shutdown has already permanently removed over $11 billion from the US economy [1] - An 8-week shutdown could lead to roughly $14 billion in losses [1] - The current shutdown represents a reduction of economic growth by about 1% [2] - Much of the economic damage stems from unrecoverable government spending and lost worker output [2] Concerns Regarding CBO Estimates - The CBO's estimates may understate the total cost of the shutdown [3] - The CBO's projections rely on assumptions regarding repayment of furloughed workers, resumption of delayed spending, and continuation of food assistance benefits [3] - The Trump administration has not guaranteed these assumptions will be met [3]
๐บ๐ธ At day 36 the current government shutdown is the longest in US history.
Yahoo Financeยท2025-11-05 05:01