Bessent Warns of $15 Billion Daily Cost of Government Shutdown but Affirms Sustainable Investment Boom
Financial MarketsBessentUpdated 12 hours ago

Bessent Warns of $15 Billion Daily Cost of Government Shutdown but Affirms Sustainable Investment Boom

Financial expert Bessent reports that the ongoing U.S. government shutdown is costing the economy $15 billion daily, affecting federal employees and broader market stability. Despite this, he reassures that the current investment boom remains sustainable, suggesting that growth can continue even amidst political challenges.

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Shutdown could cost US economy $15 billion a week, Treasury says
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The U.S. Treasury has warned that a government shutdown could cost the economy a staggering $15 billion each week. This potential loss highlights the significant impact that political gridlock can have on economic stability and growth. With many Americans relying on government services and support, the stakes are high, and the urgency for lawmakers to reach an agreement is greater than ever.
Bessent: U.S. investment boom sustainable, shutdown costing $15B daily
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Bessent highlights that the current U.S. investment boom is sustainable, despite concerns over the ongoing government shutdown, which is costing the economy $15 billion each day. This insight is crucial as it reassures investors and businesses that the growth trajectory can continue, even in challenging political climates.

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