Thirty-five days later, President Trump agrees to re-open the government, temporarily, with the same deal that Democrats offered him from day one. In the process, $11 billion in economic activity is gone.
The Congressional Budget Office (CBO) said the nation’s gross domestic product was reduced by $3 billion in the fourth quarter of 2018 and $8 billion in the current quarter.
Some loses will be recuperated, but per the CBO, $3 billion is gone permanently. Add to the list of federal employees who had their cars repossessed or sold personal items just to make ends meet.
The CBO did not include losses such as federal loans and grants.
The report by the CBO can be seen below.
CBO Report on the Effects o… by on Scribd
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