US GDP Could Take a Hit From Shutdown, Says Treasury Secretary Bessent

The country is projected to suffer an economic loss of roughly $15 billion every week in a shutdown, according to the Council of Economic Advisers.

Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill on June 11, 2025. Madalina Vasiliu/The Epoch Times

The ongoing shutdown of the federal government could negatively impact America’s GDP, Treasury Secretary Scott Bessent said in a CNBC interview published on Oct. 2.

On Oct. 1, the federal government shut down after Democrats and Republicans failed to agree on a deal to pass a short-term plan to keep the government funded. The House of Representatives has approved a funding proposal, but the Senate has yet to pass it.