US shutdown cost $3bn, says budget office

The partial shutdown of the US government is estimated to have cost the US economy $3bn (£2.3bn). The loss is expected to slash 0.02% from the country's growth in 2019, the Congressional Budget Office (CBO) said. The agency said overall damage amounted to about $11bn, but much of that will be recovered as work resumes. New trade tariffs could also knock about 0.1% off growth up until 2029, as higher costs prompt lower consumption and investment, it said.
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