Rep. Maloney, Vice Chair Designate of the Joint Economic Committee, On CBO’s Report Detailing the Economic Costs from Shutdown
WASHINGTON, DC – Congresswoman Carolyn B. Maloney (D-NY), Vice Chair Designate of the Joint Economic Committee, released the following statement following the release of the Congressional Budget Office’s report on the costs of the Trump Shutdown.
“Today’s report from the Congressional Budget Office makes clear that the Trump Shutdown caused permanent damage to our economy. It reduced economic growth in the fourth quarter of 2018 and first quarter of this year -- $3 billion of that lost economic activity will never be recovered.
“In addition, hundreds of thousands of federal workers had their lives turned upside down and millions of Americans couldn’t access government services. All of this was unnecessary.
“I sincerely hope that the President has learned from his mistake. We cannot afford to squander economic growth and he must never again treat federal workers as a bargaining chip in a negotiation.”