
U.S. Treasury Secretary Scott Bessent on Thursday said that the government shutdown could hit the gross domestic product (GDP) of the United States.
“This isn’t the way to have a discussion, shutting down the government and lowering the GDP. We could see a hit to the GDP, a hit to growth, and a hit to working America,” Bessent said during an interview on CNBC on the second day of the shutdown.
He also criticized Democratic leaders for forcing the government shutdown, calling Senator Chuck Schumer and Representative Hakeem Jeffries “weak” and “discombobulated.” “They don’t represent the American people, and you know they’re making up excuses,” Bessent said in the interview.
Get updates to this story developing <directly on Stocktwits<.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.