Shutdown May Start Costing Economy $15B a Day: Bessent

Shutdown may start costing economy $15B a day: Bessent

Treasury Secretary Scott Bessent said Wednesday that the ongoing government shutdown may start costing the economy as much as $15 billion per day. “We call on the moderate Democrats in the Senate to be heroes. Be heroes, break away from the hive of radicalism and do something for the American people, because we are starting to cut into muscle here,” Bessent said during a press conference. “We believe that the shutdown may start costing the U.S. …

Scott Shellady on the Shutdown, China, and Why the U.S. Economy Still Looks Strong

Market analyst Scott “the Cow Guy” Shellady joined Chicago’s Morning Answer with Dan Proft to discuss the ongoing government shutdown, U.S.–China trade tensions, and the outlook for the American economy heading into next year. Shellady called the Washington stalemate “childish” but said Wall Street has largely priced it in, noting that previous shutdowns—including the 35-day standoff in 2018—had minimal long-term market impact. He argued that a…