According to the Congressional Budget Office (CBO), the ongoing government shutdown could cost the U.S. economy up to $14 billion. The nonpartisan agency has reported that if the shutdown continues for an extended period, it may result in a permanent loss of approximately $11 billion. Currently, the shutdown is already causing an economic strain of about $7 billion per month. Experts caution that if the situation persists into December, the risk of a recession could increase significantly. Statements from federal officials, including Federal Reserve Chair Jerome Powell, emphasize the potential long-term impacts and weakening of economic growth due to the standoff in Congress.