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

Source
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.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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