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2025-10-30 09:14:05
[US Government Shutdown Enters Fifth Week on March 29, Economic Losses Could Reach $7 Billion to $14 Billion] 1. The US federal government shutdown entered its fifth week on March 29. The Congressional Budget Office (CBO) warned in an open letter that if the shutdown continues, it could cause $7 billion to $14 billion in economic losses. 2. In the letter to the chairman of the House Budget Committee, the CBO reported that, depending on the duration of the shutdown, it expects the annualized growth rate of US real GDP in the fourth quarter of this year to decrease by 1 to 2 percentage points, estimating "a loss of $7 billion to $14 billion in economic output that cannot be recovered." 3. The CBO anticipates that the situation will improve once the government reopens. However, the closure of numerous federal agencies and offices and the slowdown in production will have a significant impact on the US economy. The losses will intensify as the federal government shutdown continues. A four-week shutdown would result in a $7 billion loss to the US economy; a six-week shutdown would raise the loss to $11 billion; and an eight-week shutdown would reach $14 billion.
