After five weeks, the government shutdown finally ended on Saturday as Trump signed a bill which temporarily opened the government back for three weeks.
However, the financial ramification of the shutdown could loom large. According to CNBC and a report from the nonpartisan Congressional Budget Office, the federal government shutdown cost the economy $11 billion.
Although most of the damage will be reversed as the government reopens and workers return to their jobs, the CBN estimates that $3 billion in economic activity will be permanently lost.
“Among those who experienced the largest and most direct negative effects are federal workers who faced delayed compensation and private-sector entities that lost business,” the report said. “Some of those private-sector entities will never recoup that lost income.”
However, some government officials are weary because if there’s no deal in place regarding border security, we could be headed for another government shutdown.