Skip to content
Search AI Powered

Latest Stories

We Now Know the Immediate Costs of the Shutdown to Our Economy, and It's Way More Than the Cost of Trump's Wall

We Now Know the Immediate Costs of the Shutdown to Our Economy, and It's Way More Than the Cost of Trump's Wall
US President Donald Trump inspects border wall prototypes with Chief Patrol Agent Rodney S. Scott in San Diego, California on March 13, 2018. (MANDEL NGAN/AFP/Getty Images)

Released by Trump's own agency.

As the government reopened after a closure of nearly 35 days, longest shutdown in American history, the Congressional Budget Office released its estimate of the total cost, and the results.

The office estimates a total loss of $11 billion, most of which will be recovered with federal employees returning to work. However, the report states that $3 billion has likely been permanently lost:


"Among those who experienced the largest and most direct negative effects are federal workers who faced delayed compensation and private-sector entities that lost business. Some of those private-sector entities will never recoup that lost income."

The immediate amount is almost double the $5.7 billion demanded by Trump to fund a wall at the southern border. Trump's insistence on the funding allegation is the reason a majority of Americans blame him for the disastrous shutdown. The $3 billion dollars permanently lost is more than half of the allocation he was demanding.

Americans on Twitter are calling attention to the senseless waste of money.

It's clear that—as far as Twitter is concerned—this was the Trump shutdown.

Americans are livid.

House Speaker Nancy Pelosi (D-CA) also spoke to the effects of the shutdown:

"The President's shutdown inflicted needless pain and chaos in the lives of millions of Americans, and it stole billions of dollars from the economy...When the Congress completes its bipartisan, bicameral work to fund government, the President should swiftly sign that legislation to avert another shutdown."

However—barring billions of dollars for a wall many believe to be ineffective and impractical—Trump has said he's willing to shut down the government again when the continuing resolution that reopened it expires on February 15.

More from People/donald-trump

Cover of Merriam-Webster's Collegiate Dictionary
Brandon Bell/Getty Images

People's Response To Merriam-Webster's 2024 Word Of The Year Just Proved Their Point

Merriam-Webster dictionary nailed it with their 2024 Word of the Year selection that accurately defined the divisive reaction to the 2024 presidential election results.

The dictionary's account on X (formerly Twitter) declared this year's Word of the Year was, "Polarization," and joked:

Keep ReadingShow less
Nancy Mace
Tom Williams/CQ-Roll Call, Inc via Getty Images

Nancy Mace Rages After Nobody Will Print Her Transphobic Holiday Wrapping Paper Design

South Carolina Republican Representative Nancy Mace was called out after sharing a photo of her anti-trans wrapping paper design to lament that "no company" would print it due to its "offensive" nature.

Mace, who has courted significant controversy for her efforts to bar Sarah McBride, the first transgender member of Congress, from using the bathroom that corresponds with her gender identity, shared on social media that she attempted to create custom wrapping paper, seemingly intended for raising campaign funds.

Keep ReadingShow less
Eugenio Derbez; Selena Gomez
Matt Winkelmeyer/Getty Images, Amy Sussman/Getty Images

'Coda' Star Apologizes After Selena Gomez's Classy Response To His 'Emilia Pérez' Criticism

Actor Eugenio Derbez walked back his harsh review of Selena Gomez's Spanish in the new musical crime comedy film Emilia Pérez after she responded with class to the tough criticism of not being a fluent speaker.

Gomez stars as Spanish-speaking character Jessi Del Monte, the wife of a cartel kingpin who undergoes gender-affirming surgery to start a new life as the titular Emilia Pérez.

Keep ReadingShow less
Screenshot of Donald Trump
NBC

Trump Dragged After Claiming He 'Started Using' The Word 'Groceries' During The Election

President-elect Donald Trump was dragged after claiming he "started using" the word "groceries" during the election—before asking, "Who uses the word?"

Trump, in an interview with Meet the Press host Kristen Welker, emphasized the soaring grocery prices affecting millions of Americans as a pivotal factor in his victory over Vice President Kamala Harris in the race for the White House.

Keep ReadingShow less
man pointing up
Alex Sheldon on Unsplash

People Break Down Their 'I F*cking Knew It!' Experiences

Sometimes you feel like you just know something is true, even if you can't prove it.

You may find out you're completely wrong. People usually don't like to talk about or acknowledge when that happens.

Keep ReadingShow less