Oct. 29 (UPI) -- The longer the federal government shutdown lasts, the more it will cost the U.S. economy, which the Congressional Budget Office estimates at up to $14 billion.
The current CBO estimate released on Wednesday says the four-week shutdown will cost $7 billion in lost economic activity if the shutdown were to end this week.
If the shutdown extends to 11 weeks, the CBO's estimated cost rises to $11 billion and tops out at $14 billion if the shutdown lasts for eight weeks, CNBC reported.
The estimated cost would rise further if the shutdown were to continue beyond the end of November.
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