The partial government shutdown will reduce real GDP by $3 billion, on net, the CBO estimates. At least twice, House Majority Leader Steny Hoyer has said CBO put the cost at $11 billion, neglecting to explain that the agency figures the economy will regain $8 billion of that this year.
Stories by D'Angelo Gore
Staff Writer, FactCheck.org
Examining Shutdown Claims from Democrats
Video: Criminals Arrested at Southern Border
Trump’s Budget Wouldn’t Erase Deficits, CBO Said
Under President Trump’s proposed budget for fiscal year 2018, there would have been hundreds of billions of dollars in deficits each year from 2018 to 2027, according to the nonpartisan Congressional Budget Office. That contradicts White House Chief of Staff Mick Mulvaney’s claim that the U.S. “would actually be on a glide path to balancing the budget” under the plan.