Govt shutdown may start costing US economy $15 bn a day: Bessent

Mansi Agarwal, Published on Oct 15th, 2025

Govt shutdown may start costing US economy $15 bn a day: Bessent

US Treasury Secretary Scott Bessent said the government shutdown could start costing the US economy around $15 billion per day in lost output. Urging the Democrats to "be heroes" and side with Republicans to end it, Bessent stated that the shutdown is starting to "cut into the muscle" of the economy. The government shutdown began on October 1.

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