Trump’s Self-Inflicted Shutdown Cost the US Economy at Least $6 Billion

A staggering loss.

Olivier Douliery/ZUMA

Update, 1/28: As expected, that figure did climb. According to a new estimate from the Congressional Budget Office, the shutdown over Trump’s border wall demands cost the US economy at least $11 billion.


President Donald Trump may have capitulated to Democrats on his border wall demands—for now—but the devastating economic effects of the longest government shutdown in US history are just emerging.

According to an estimate from S&P Global Ratings, the US economy lost at least $6 billion due to Trump’s shutdown. That figure, which is more than the $5.7 billion Trump demanded for a wall in the shutdown impasse, is likely to climb. It also comes in the absence of Treasury Secretary Steve Mnuchin’s refusal to testify before lawmakers this week on the shutdown’s economic toll.

“Although this shutdown has ended, little agreement on Capitol Hill will likely weigh on business confidence and financial market sentiments,” the financial services giant said in a statement Friday.

Trump’s announcement on Friday that he would agree to a short-term spending bill to reopen the government—the same deal he had rejected more than a month ago—came on the same day nearly 800,000 federal workers missed a paycheck for the second time since the shutdown started. For more on the shutdown’s toll on federal workers, tune into this week’s episode of the Mother Jones Podcast:


We recently wrapped up the crowdfunding campaign for our ambitious Mother Jones Corruption Project, and it was a smashing success. About 10,364 readers pitched in with donations averaging $45, and together they contributed about $467,374 toward our $500,000 goal.

That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.


Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.