US GDP at Risk as Government Shutdown Continues
TL;DR Summary
Treasury Secretary Scott Bessent warned that the ongoing US government shutdown could negatively impact economic growth, potentially causing a decline in GDP and affecting federal workers and the labor market, despite recent positive growth trends. He also mentioned upcoming support for farmers and ongoing discussions about replacing Fed Chair Jerome Powell.
- Treasury Secretary Bessent says U.S. GDP could take a hit from the shutdown CNBC
- What this government shutdown could cost The Washington Post
- Bessent Warns Government Shutdown Could Weaken Economy The Wall Street Journal
- US government shutdown negative for credit rating, Europe's Scope warns Reuters
- US to lose $15B in GDP each week of a shutdown, White House memo says Politico
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