Economy
February 3, 2019
U.S. Government Shutdown: Implications for Growth and Policy
Written by Tim Triplett
By CRU Principal Economist Lisa Morrison
The partial U.S. government shutdown, which began on Dec. 22, 2018, lasted 35 days and is the longest shutdown in U.S. history. President Trump decided to re-open the government until Feb. 15 to allow time for additional negotiations regarding the border security issues. The Congressional Budget Office estimates that the recent shutdown will ultimately cost $3 billion as a direct result of the lack of provision of government services. Indirect effects are difficult to quantify and could be larger.
