'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,' the Congressional Budget Office wrote in the report.
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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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Stocks Start Off 2019 With a BangStocks around the world are rallying at the fastest pace in months, the latest sign that the fears investors grappled with late last year have largely subsided.
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Louisiana seeking ways to lessen $3B flood-protection debtLouisiana welcomed federal flood-protection money in the wake of Hurricane Katrina in a deal that didn't require the state to begin repaying its share for a decade. But now that bill is coming due, and it has ballooned to a dismaying $3 billion because of accumulated interest. The looming...
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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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Partial U.S. government shutdown cost economy $3 billion: budget officeThe U.S. economy is expected to lose $3 billion from the 35-day partial federal ...
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Shutdown projected to cause $3B permanent hit to economyWASHINGTON (AP) — The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office.
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