Bessent Warns of Cargo Shortages Ahead of Holidays as Shutdown Drags On

Bessent Warns Shutdown Could Disrupt Holiday Supply

Treasury Secretary Scott Bessent warned Sunday that the ongoing federal government shutdown is already impacting air travel and cargo shipments and could disrupt holiday retail supply chains while hindering economic growth under President Donald Trump. Bessent told viewers of "This Week with George Stephanopoulos on ABC" that "we've seen an impact on the economy from day one, but it's getting worse and worse. We had a fantastic economy under Pre…

Bessent warns of cargo shortages ahead of holidays as shutdown drags on

Treasury Secretary Scott Bessent warned on Sunday that holiday shopping could be affected by the government shutdown and the corresponding reduction of air traffic. In an interview on ABC News’s “This Week” with George Stephanopoulos, the Treasury Department secretary addressed the wide-reaching economic consequences of the shutdown. He pointed to the reduced flight activity, which…

Treasury Secretary Bessent warns shutdown could slash quarterly economic growth by half

Treasury Secretary Scott Bessent warned Sunday that the ongoing government shutdown is taking an escalating toll on the U.S. economy, saying growth could be cut "by as much as half" this quarter if the impasse drags on."We've seen an impact on the economy from day one, but it's getting worse and worse," Bessent said during an interview on ABC's "This Week" program.GOVERNMENT SHUTDOWN THREATENS CRUCIAL ECONOMIC DATA, LEAVING FED — AND FAMILIES — …

Bessent Says Slowing Cargo Could Lead to Shortages

Treasury Secretary Scott Bessent said the shutdown's impact on the U.S. economy started on the first day and is getting "worse and worse." "We had a fantastic economy under President Trump the past two quarters and now there are estimates that the economy, economic growth this quarter could be cut

US gov't shutdown threatens to disrupt 2026 groundfish harvests

'The longer it goes, the more ramifications it can have for us in federal fisheries' -- Mike Cusack, American Seafood CompanyANCHORAGE, Alaska, US – The