The Congressional Budget Office said on Tuesday that about 750,000 federal employees could be furloughed each day if the government shuts down.
The total cost of the compensation for furloughed employees would be about $400 million, the CBO Director Phillip Swagel said in a response letter to a query from Senator Joni Ernst regarding the possible effects of a lapse in discretionary appropriations on the pay of federal employees.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.