The Congressional Budget Office issued projections Wednesday for three different scenarios about the length of the government shutdown as it nears a full month.
$7 bil is the low estimate for irrecoverable economic damage once government reopens and things are funded again. The longer it goes the worse the permanent impact, but the CBO claims that reopening will restore working order for the most part.
A lot of the damage is actually recovered as soon as people get their money. People paying rent and bills they’ve taken out short-term loans for will all recover basically overnight. The estimate is for what everything that won’t.
$7 bil is the low estimate for irrecoverable economic damage once government reopens and things are funded again. The longer it goes the worse the permanent impact, but the CBO claims that reopening will restore working order for the most part.
Yeah this is the right answer.
A lot of the damage is actually recovered as soon as people get their money. People paying rent and bills they’ve taken out short-term loans for will all recover basically overnight. The estimate is for what everything that won’t.