Impact: Services Sign and Morning Briefing

impact: According to the CBO, the shutdown hurt economic growth because it affected roughly 800,000 workers and delayed federal spending on goods and services, according to The Guardian. Sign up for the US morning briefing Much of the money will be recouped now the government is open again but the CBO calculates 3bn will never be recovered and the full impact of the closure which left hundreds of thousands of federal workers and contractors without pay may be larger. The shutdown triggered by a fight over funding for Donald Trump's proposed border wall with Mexico ended on Friday and was the longest in US history. The CBO warned all of the estimated effects and their timing are subject to considerable uncertainty . End of shutdown workers left with debts, bad credit and shattered trust Read more The five-week shutdown delayed approximately 18bn in federal discretionary spending for compensation and purchases of goods and services and suspended some federal services. CBO's estimates do not incorporate other, more indirect negative effects of the shutdown, which are more difficult to quantify but were probably becoming more significant as it continued, the report said. As a result of the delay in wages and spending, the CBO expects the level of gross domestic product GDP the broadest measure of economic growth to fall by 0.2% in the first quarter of the year. (news.financializer.com). As reported in the news.