U.S. Treasury official "Government shutdown, $15 billion loss per week to the U.S. economy"

Suehyeon Lee

Summary

A senior U.S. Treasury official said a government shutdown could cause about $15 billion in losses per week to the U.S. economy.
It reported that the U.S. Senate's rejection of a short-term budget bill is increasing concerns about a prolonged shutdown.
It said that the economic losses from a government shutdown and the rejection of the budget bill could affect investor sentiment.

A senior U.S. Treasury official said a government shutdown could cause about $15 billion in losses per week to the U.S. economy.

On the 16th (local time), according to Walter Bloomberg, a U.S. Treasury official said, "A government shutdown could cause about $15 billion in losses per week to the U.S. economy."

This corrects an earlier remark by Treasury Secretary Scott Bessent about a 'daily $15 billion loss.' Meanwhile, the previous day the U.S. Senate voted down a GOP-led short-term budget bill 51 to 44. This was the ninth such rejection since the shutdown, raising concerns about a prolonged shutdown.