The Congressional Budget Office estimated the government shutdown could cost the U.S. economy how much?

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The Congressional Budget Office estimated $11 billion in lost GDP, with $3 billion in permanent economic damage that would never be recovered. The 35-day 2018-19 shutdown cost $11 billion total; this shutdown was on track to exceed it. Federal contractors wouldn't receive back pay (unlike federal employees), creating cascading economic losses. CBO's methodology counted lost consumer spending by 800,000 furloughed workers, delayed government contracts, and reduced business confidence from political instability.

The Congressional Budget Office estimated the government shutdown could cost the U.S. economy how much?

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