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U.S. Government Shutdown Costs Economy $15 Billion Daily, Treasury Secretary Warns
U.S. Government Shutdown Costs Economy $15 Billion Daily, Treasury Secretary Warns
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BTCCSquare news:
U.S. Treasury Secretary Scott Bessent revealed the escalating economic toll of the federal government shutdown, now entering its third week. The stalemate is draining $15 billion daily from the economy, with lost output becoming a primary drag on growth. Bessent assured military and essential personnel WOULD receive pay, though reports indicate partial payments for some critical workers like air traffic controllers.
The political deadlock shows no signs of resolution, with failed legislative attempts to restart government operations. Despite the impasse, Bessent maintained that "America is open for business," even as the shutdown morphs into a significant economic headwind.
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