We inherited an affordability crisis: Treasury Secretary says Trump has slowed down price increases

Government Shutdown Impact - The government shutdown had a negative impact on GDP, potentially ranging from 1% to 1.5% [2][3] - The shutdown initially cost $1 billion to $2 billion per day, escalating to $15 billion per week [6] - Concerns arose about potential food shortages due to unpaid food inspectors [6] - Airline executives expressed worries about their businesses due to the shutdown [8] Affordability and Inflation - Affordability remains a significant issue for voters, impacting their ability to afford home heating, food, housing, and cars [9][10] - The administration believes they inherited an affordability crisis and are working to slow price increases and increase real wages [21] - The administration argues that Democrats are using a "con job" to suggest costs are up, despite gasoline prices being down [18][20] - The Treasury Secretary believes tariffs help consumers by bringing down the budget deficit and inflation [26] Economic Outlook and Job Security - The Treasury Secretary highlights the importance of bringing back manufacturing jobs to the US to improve job security [45] - The administration is optimistic about the potential for job growth due to a capex boom [52] - Younger Americans are encouraged to become AI literate to succeed in the job market [51][52] Argentina Bailout (Swap Line) - The US government provided a line of credit to Argentina, described as a swap line, to stabilize the government during an election [35][36] - The US government claims to have already made a profit on this swap line [40][41]