Politics

Report Estimates Federal Shutdown Cost the Economy $11 Billion

The partial shutdown of the federal government that ended last Friday led to $11 billion in reduced economic activity, according to new estimates published by the Congressional Budget Office.

By Staff January 29, 2019

The five-week partial shutdown of the federal government that ended last Friday led to $11 billion in reduced economic activity, according to new estimates published by the Congressional Budget Office. The shutdown led to delays in an estimated $18 billion in federal spending on employee compensation and purchases of goods and services. President Donald Trump and congressional leaders last week agreed to a short-term deal to reopen the federal government in full that lasts until Friday, Feb. 15.

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