Shutdown May Start Costing U.S. Economy $15 Billion Daily, Warns Bessent

Shutdown May Diminish Economic Growth

Treasury Secretary Scott Bessent warned on 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. Break away from the hive of radicalism and do something for the American people,” he stated during a press conference.

Potential Impact of Shutdown

“We believe that the shutdown may start costing the U.S. economy up to $15 billion a day,” he highlighted. As the shutdown continues, the pressure on both parties escalates, with Republicans and the Trump administration preparing for a lengthy standoff.

Political Stalemate Intensifies

House Speaker Mike Johnson (R-La.) warned that this government shutdown could also be one of the longest in U.S. history unless Democrats accept the House-passed continuing resolution to fund the government.

• “We’re barreling towards one of the longest shutdowns in American history,” Johnson stated, emphasizing the urgency.
• Pressure mounts on both parties as Democrats insist on concessions related to health care.

As the uncertainty lingers, the impacts of a prolonged shutdown will likely resonate across various sectors of the economy.