CBO: Shutdown Cost U.S. Economy $3 Billion

The five-week partial government shutdown that ended Friday cost the U.S. economy $3 billion it will likely never recover, according to a Monday report by the nonpartisan Congressional Budget Office.According to the CBO’s report, the economy lost $11 billion during the shutdown, which began just before Christmas, but will gain back $8 billion now that the government has reopened.“Although most of the real GDP lost during the fourth quarter of 2018 and the first quarter of 2