Treasury Secretary Bessent says U.S. GDP could take a hit from the shutdown
A month-long shutdown could reduce U.S. GDP by $15 billion weekly and increase unemployment by 43,000, according to a White House memo.
16 Articles
16 Articles
Treasury Secretary Scott Bessent warns government shutdown will hurt growth and be a 'hit to working America'
US Treasury Secretary Scott Bessent warned government shutdown could hamper US economic growth.Andrew Harnik/Getty ImagesTreasury Secretary Scott Bessent warned the government shutdown could shave growth off the US GDP.He told CNBC the standoff risks hurting economic growth and "working America."The shutdown is already fueling uncertainty for markets, businesses, and federal workers.Treasury Secretary Scott Bessent said Thursday the US economy c…
Bessent Warns Shutdown Could Hurt the Economy
Treasury Secretary Scott Bessent told CNBC that U.S. economic growth could be hurt by the government shutdown. Said Bessent: “This isn’t the way to have a discussion, shutting down the government and lowering the GDP. We could see a hit to the GDP, a hit to growth and a hit to working America.”
Bessent Says Shutdown Will Hurt GDP
Treasury Secretary Scott Bessent said the government shutdown could impact U.S. economic growth during an appearance on CNBC’s "Squawk Box” Thursday. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said. "We could see a hit to the GDP, a hit to
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium