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Treasury Secretary Scott Bessent warns government shutdown will hurt growth and be a 'hit to working America'
Business Insiderยท2025-10-02 12:00

Treasury Secretary Scott Bessent said Thursday the US economy could feel the pain from the ongoing government shutdown. "This isn't the way to have a discussion, shutting down the government and lowering the GDP," Bessent told CNBC's "Squawk Box.""We could see a hit to the GDP, a hit to growth, and a hit to working America." Though past shutdowns have tended to leave only a small mark on the economy, Bessent cautioned that this shutdown, which began at midnight on Tuesday, could be different.Economists ha ...