Critical Impact: U.S. Government Shutdown Hits the Economy Hard

Shutdown Starting to Harm Economy, Says Treasury Secretary

Treasury Secretary Scott Bessent said on Oct. 13 that the ongoing government shutdown has begun to impact the U.S. economy as it enters its 13th day with no end in sight. In an interview with Fox Business, he said that the shutdown’s true impact on the economy is not being fully covered by media outlets. “I think the dirty secret here for why this has dragged on for so long is the Democratic friends in the mainstream media have been downplaying …

Bessent Says Treasury Prioritizing Payments, in Unusual Maneuver

Treasury Secretary Scott Bessent indicated his department is shuffling the flow of money through its system in order to allow for US military staff to get paid — a maneuver that his predecessor had suggested might not be possible.

Bessent: Government Shutdown Is Hitting Economy

US Treasury chief says government shutdown is hitting economy

Critical Impact: U.S. Government Shutdown Hits the Economy Hard

Critical Impact: U.S. Government Shutdown Hits the Economy Hard The ongoing U.S. federal government shutdown is beginning to take a toll on the nation's economy, according to U.S. Treasury Secretary Scott Bessent. Speaking on the 13th day of the closure, Bessent highlighted the emerging seriousness of the situation.In an interview with Fox Business Network's 'Mornings with Maria,' Bessent explained that in order to ensure military personnel rece…

US Treasury chief Scott Bessent says government shutdown is hitting economy

The US federal government shutdown is now in its 13th day. Treasury Secretary Scott Bessent says the closure is seriously affecting the real economy. To ensure military paychecks, other federal workers and services are being impacted. Farmers are also facing stalled aid. Economic data releases are delayed until the shutdown ends.