Federal agency also estimates country’s GDP will reduce by one to two percentage points over shrinking demand

The closure of the government, already the second-longest in U.S. history, becomes more expensive the longer it drags on, CBO Director Phillip Swagel said.

Federal agency also estimates country’s GDP will reduce by one to two percentage points over shrinking demand

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 report says lost goods and services from furloughed workers’ downtime won’t be regained once the government reopens.