Estimates of the economic hit from the U.S. government shutdown put the losses at up to $16 billion every week the impasse continues.

The CBO estimates up to $14 billion in lost output from the monthlong shutdown. Economists warn the real toll could be higher.

As Americans have raised concerns about rising prices, a possible recession, a cooling labor market and an ongoing government shutdown in recent months, economists have warned the U.S. economy may be “K-shaped,” with spending trends becoming divided among low- and high-income consumers.

History has shown that the economy typically rebounds from a shutdown within a couple of months. But each day it drags on brings a greater risk that the economy won’t just bend, it will start to break — and rupture livelihoods in the process,

The government has been shut down for nearly a month, and the impact is beginning to be felt by the U.S. economy.

The CBO, a nonpartisan federal agency that provides budget and economic information to Congress, estimates the majority of the lost money during the shutdown would come from the reduction in federal spending from delayed compensation for federal workers, delayed spending on goods and services and delayed spending on food stamps.

Aboard were Britain’s King Charles III and defence secretary John Healey; John Phelan, the US secretary of the navy; and assorted other dignitaries. They were in Barrow to watch the commissioning of HMS Agamemnon,

Canadian Prime Minister Mark Carney promised his first budget would be a bold blueprint for "generational investments," to bolster the economy and withstand a trade war with the U.S., but to some analysts Tuesday's document was a missed opportunity.

Prime Minister Mark Carney’s government said it would cut the size of the federal public-sector workforce by about 5%, or 16,000 jobs.