Pelosi Statement on CBO Report on Devastating Economic Impacts of the Trump Shutdown

January 28, 2019
Press Release
Washington, D.C. – Speaker Nancy Pelosi issued this statement on a new CBO report showing that the Trump Shutdown has cost the economy $11 billion from Q4 of 2018 to Q1 of 2019, with $3 billion permanently lost:

“The President’s shutdown inflicted needless pain and chaos in the lives of millions of Americans, and stole billions of dollars from the economy.   Workers’ financial security, families’ well-being and America’s economic strength all were senselessly sacrificed because of President Trump’s callousness.

“Families across the nation are still trying to recover from a month of missing paychecks and overdue bills, but the President is already threatening a second shutdown if he doesn’t get his way.

“When the Congress completes its bipartisan, bicameral work to fund government, the President should swiftly sign that legislation to avert another shutdown and restore certainty to our economy and the lives of the American people.”