Report predicts shutdown cost economy $11 billion

The nonpartisan Congressional Budget Office estimates that the longest-running government shutdown in U.S. history came at a price: costing the economy $11 billion.
2:25 | 01/28/19

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Transcript for Report predicts shutdown cost economy $11 billion
The flew discretionary funding was impacted by the shutdown was about 329. Billion dollars in annual pace. Question everyone's shut down for you resolution for five weeks. But he factor that was the lower compensation dependable workers. And or friends standing in the inserts is my eighteen billion dollars from five years. And so for the for the fourth quarter last year that's declining and you GDP of about three billion dollars primarily from. Lower government outlet it's also indirect effects. And spending matters worse. And in Q1 we think the GDP will be down by eight hours. Let the first quarter eight billion dollar reduction all happens you. And two weeks. Consequently the two weeks as its partner is part. So overall we see a reduction over there. The second quarter V and fourth quarters or B. Hours. Reduction GDP. We have lower GD PQ four Q1. Where it comes from an whose outrageous a little bit. We have twelve department agencies affected by Spanish. 800000. Employees where her not into that time period should point one million employees. About 40%. Apartments where we're pretty wide ranging. Spent and it is services including project effective that was that was lowered. When did we not take into account which is in fact is some brands and subsidies and spending programs. Those were effected we. Office. Though we do think that once their roots back in place. Federal workers who were acutely of the year certainly recovery. There is there permanent loss record that you lose government topless weeks that Senator McCain. Philosophy and yet we're still would be enough redone shore. On GDP. But there are reports.

This transcript has been automatically generated and may not be 100% accurate.

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