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U.S. Congressional Budget Office "750,000 furloughed per day during shutdown… $400 million daily payroll loss"
JH Kim
Summary
- The U.S. Congressional Budget Office (CBO) projected that in the event of a shutdown, an average of about 750,000 federal government employees could be placed on furlough each day.
- The CBO analyzed that a shutdown would cause the federal government to incur about $400 million in payroll losses each day.
- The CBO added that furlough numbers vary by agency, and some departments may have the possibility of adjusting personnel.
According to economic breaking-news channel Walter Bloomberg on the 30th (local time), the U.S. Congressional Budget Office (CBO) projected that if a government shutdown (temporary work stoppage) occurs due to a funding gap for the 2026 fiscal year, an average of about 750,000 federal government employees could be placed on furlough each day.
The CBO analyzed that as a result the federal government would be unable to pay about $400 million in payroll costs each day.
However, the CBO added that the number of furloughed employees could vary by agency, and some departments may adjust staffing over time.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
