35-day gov't shutdown costs U.S. economy 11 bln USD: budget office
WASHINGTON, Jan. 28 (Xinhua) -- The record-long federal government shutdown cost the U.S. economy approximately 11 billion U.S. dollars, a report from the Congressional Budget Office (CBO) said Monday.
The five-week partial shutdown reduced real gross domestic product (GDP) in the fourth quarter of 2018 by 3 billion dollars, or 0.1 percent, and could lower GDP in the first quarter of 2019 by 8 billion dollars, or 0.2 percent, the report said.