Government shutdown cost U.S. economy $11 billion, budget office says

Federal employees went back to work Monday after the longest shutdown in government history — but the economic effects will be felt for a long time.

A report released Monday by the nonpartisan Congressional Budget Office found that the economy took an $11 billion hit, including $3 billion that’s gone forever, in the 35 days that parts of the federal government went unfunded.

“Among those who experienced the largest and most direct negative effects are federal workers who faced delayed compensation and private-sector entities that lost business. Some of those private-sector entities will never recoup that lost income,” the report said.

Full Story @ NBC News

Left vs. Right Bias: How we rate the bias of media sources

Video Advertisement

Share:

Subscribe With Email

Enter your email address to subscribe to MBFC and receive notifications of new posts by email.

Join 20,658 other subscribers


Be the first to comment on "Government shutdown cost U.S. economy $11 billion, budget office says"

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.