US Shutdown Costs Pegged At $3 Billion As Government Reopens

US Shutdown Costs Pegged At $3 Billion As Government Reopens

Overall, the U.S. economy lost about $11 billion during the five-week period, CBO said. However, CBO expects $8 billion to be recovered as the government reopens and employees receive back pay.

World | | Updated: January 29, 2019 06:00 IST
US Shutdown Costs Pegged At $3 Billion As Government Reopens

The CBO estimated the shutdown reduced gross domestic product in the last quarter of 2018 by $3 billion