Government Shutdown Cut Into Economic Growth, CBO Says

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January 28th, 2019

A sign at the entrance of the Smithsonian National Museum of Natural History in Washington, D.C., says the museum will reopen Tuesday. The shutdown reduced federal spending by $18 billion, although most of that will be recouped, now that the government has reopened, according to a new report.

Saul Loeb / AFP/Getty Images

Updated at 5 p.m. ET

The partial shutdown of the government reduced federal spending by about $3 billion and cut into overall U.S. economic growth, according to a report released Monday by the nonpartisan Congressional Budget Office.

The report says that because of the shutdown, which lasted from Dec. 22 through last Friday, about $18 billion in discretionary government spending was delayed. Most of the money will be spent later, now that the shutdown has ended.

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