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Report: Shutdown could cost U.S. economy $6.5 billion a week

A picture of the U.S. Capitol building
Photo: Mandel Ngan / AFP / Getty Images

A government shutdown will reduce U.S. GDP in the first quarter of 2018 by upwards of 0.2%—or $6.5 billion—each week it continues, according to Beth Ann Bovino, chief U.S. economist for S&P Global Ratings.

Why it's so costly: Roughly half of the hit results from the lost production of non-essential government workers.

  • After previous shutdowns, Congress has agreed to repay furloughed workers for their lost wages, but the economy did not regain their lost productivity since they were barred from working while the government was closed.