Impact of US government shutdown far worse than expected, White House adviser says

Core Insights - The economic impact of the U.S. government shutdown is significantly worse than initially anticipated [1] - The U.S. economy is expected to recover quickly once the shutdown concludes, according to White House economic adviser Kevin Hassett [1] Economic Impact - The severity of the economic consequences from the government shutdown has exceeded expectations [1] - The anticipated rebound of the U.S. economy post-shutdown suggests resilience in economic activity [1]