Government Shutdown Could Cost US Economy $14 Billion: CBO

‘The effects of the shutdown on the economy are uncertain,’ the nonpartisan budget watchdog said in the report.

Closed signage is seen around the National Gallery of Art Sculpture Garden on the National Mall in Washington on Oct. 12, 2025. Anna Moneymaker/Getty Images

The government shutdown could cost the U.S. economy up to $14 billion, according to an Oct. 29 analysis.

The nonpartisan Congressional Budget Office, writing in a letter to House Budget Committee Chairman Jodey Arrington (R-Texas), estimated the economic impact of the government shutdown, which began on Oct. 1.