Shutdown projected to cause $3B permanent hit to economy

WASHINGTON — 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.The report says the five-week shutdown has slowed growth in the near term but that most of the lost growth "will eventually be recovered."Overall, CBO predicts that just $3 billion in lost gross domestic product will be permanently lost, a modest figure in a $20 trillion-plus economy. By year's end, CBO