CNBC's Emily Wilkins talks the impact of government shutdowns of the U.S. taxpayer.

Washington

Government shutdowns are sometimes discussed as a way to reduce government spending, but historical data indicates they often result in increased costs for taxpayers. For example, during the 2013 shutdown, the government lost $10 million in uncollected fees and charges, and paid $2.5 billion in back pay to furloughed employees for time not worked.

Shutdowns typically affect only a portion of federal spending, specifically discretionary funding, which was about $1.8 trillion in a recent fiscal year. In contrast, mandatory programs like Social Security, Medicare, and Medicaid, along with interest payments, make up a much larger share of federal expenditures. The broader economic impact of shutdowns can also add to the overall cost for taxpayers.

Why government shutdowns cost taxpayers money

So often when we talk about Congress funding or not funding the federal government, there's this other discussion that usually happens about how much we're spending and whether a shutdown can save the government money. But actually from what we've seen, shutdowns can cost taxpayers. Take the 2013 shutdown. The White House estimated the government lost 10 million dollars because they weren't collecting fees and charges that they otherwise would have. And another 2.5 billion was given as back pay to furloughed employees for time that they didn't work. Plus, the shutdown is only over a fraction of what the federal government spends. Congress is in charge of what's known as discretionary funding. It's about $1.8 trillion in fiscal year 2024. Now compare that to mandatory programs, things like Social Security, Medicare, Medicaid. In that same fiscal year, they cost 4.1 trillion and interest alone was another 881 billion. Then go ahead and add in the impact on the economy and shutdowns can be quite expensive for American taxpayers.

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Chernihiv

Ukraine Invasion

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LaGuardia Airport

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Los Angeles

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Jerusalem

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Quantico

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Caracas

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Hollywood

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Breakdown