Iowa (RI) — Senator Joni Ernst has obtained a Congressional Budget Office report showing about 750-thousand federal employees are likely furloughed.
The agency previously estimated the 2019 government shutdown — which lasted 35 days — cost the overall economy about three billion dollars in lost goods and services. Ernst asked the agency to provide an updated cost breakdown for this year. The Congressional Budget Office says there will be a reduction in consumer spending due to the number of federal workers who aren’t being paid, but the effect on business activity is uncertain and will depend on how long the shutdown lasts.
KIWA Staff Photo
