Federal shutdown could cost US economy up to $14 billion
Update: 2025-10-30
Description
The Congressional Budget Office warns that the ongoing government shutdown could cost the U.S. economy between seven billion and fourteen billion dollars, potentially shaving up to two percent from the country's GDP. With no clear end in sight, the shutdown has reached its twenty-ninth day, causing delayed federal payments and impacting around seven hundred fifty thousand federal employees. The economic risks only escalate, with permanent losses ranging from seven billion to fourteen billion dollars depending on the duration of the shutdown. Both sides in Congress remain at a standoff, leaving federal employees, businesses, and the economy in limbo.
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