- Mar 14, 2007
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Congressional Budget Office Nonpartisan Assessment
The report, which was released Monday, estimated a hit of $3 billion, or 0.1 percent, to economic activity during the fourth quarter of 2018. The impact was projected to be greater during the first quarter of 2019: $8 billion, or 0.2 percent of GDP.
“Some of those private-sector entities will never recoup that lost income.” The analysis does not incorporate indirect effects of the shutdown, such as the halt in some federal permits and reduced access to loans.
“I am hopeful that we have finally reached a turning point with these mindless shutdowns, but this CBO estimate serves as a stark warning to President Trump on the consequences of using American workers as a bargaining chip,”
Trump Art of Trump Deal.
The report, which was released Monday, estimated a hit of $3 billion, or 0.1 percent, to economic activity during the fourth quarter of 2018. The impact was projected to be greater during the first quarter of 2019: $8 billion, or 0.2 percent of GDP.
“Some of those private-sector entities will never recoup that lost income.” The analysis does not incorporate indirect effects of the shutdown, such as the halt in some federal permits and reduced access to loans.
“I am hopeful that we have finally reached a turning point with these mindless shutdowns, but this CBO estimate serves as a stark warning to President Trump on the consequences of using American workers as a bargaining chip,”
Trump Art of Trump Deal.
