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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.

Summary
Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Thursday that U.S. economic growth could be hurt by the government shutdown. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a live interview. “We could see a hit to the GDP, a hit to growth and a hit to working America.”

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Treasury Secretary Bessent says U.S. GDP could take a hit from the shutdown

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The Journal of the San Juan Islands… broke the news in Friday Harbor, United States on Wednesday, October 1, 2025.
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