Donald Trump’s government shutdown did not win him $5.7 billion in “wall” funding – but it did cost the American economy $3 billion in GDP that it won’t be getting back, according to a new report from the Congressional Budget Office (CBO).
Donald Trump’s government shutdown did not win him $5.7 billion in “wall” funding — but it did cost the American economy $3 billion in GDP that it won’t be getting back, according to a new report from the Congressional Budget Office (CBO).
The longest shutdown in American history slowed economic activity in two ways: by preventing federal outlays from circulating through the economy, and reducing the consumer spending of government workers. The CBO believes that these two developments shaved $11 billion off U. S. growth in the immediate term.
