Business

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.
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Government Shutdown Could Cost US Economy $14 Billion: CBO
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
Andrew Moran
&
Nathan Worcester
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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.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."