The Congressional Budget Office reported on Wednesday that the government shutdown will cost between $7 billion and $14 billion in total, depending on when Congress reaches a funding agreement.

The nonpartisan office’s estimate is far lower than that of Treasury Secretary Scott Bessent , who projected the total cost would be north of $15 billion per week as long as the shutdown lasts.

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When making the estimate earlier this month, Bessent initially misspoke in saying economic losses from the shutdown would amount to $15 billion per day. He meant $15 billion per week, tak

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