The ongoing government shutdown is projected to cost the U.S. economy around $15 billion each week, according to Kevin Hassett, the Director of the National Economic Council. This significant financial impact highlights the urgency for lawmakers to reach an agreement and end the stalemate, as the longer the shutdown continues, the more detrimental it becomes for businesses and workers alike.

Kevin Hassett, the Director of the National Economic Council, has raised alarms about the ongoing government shutdown, estimating it could cost the U.S. economy around $15 billion each week. In a recent interview on CNBC’s 'Squawk Box,' he referenced a White House report that highlights the potential severe economic fallout if the shutdown persists. This situation is critical as it not only affects government operations but also has broader implications for businesses and workers across the nation.