Economy News The Economy Has Much To Be Thankful For This Week

Government shutdown costing the economy billions of dollars each week

Estimates of the economic hit from the U.S. government shutdown put the losses at up to $16 billion every week the impasse continues. Read More

Bessent says government shutdown 'starting to cut into muscle' and economy may be losing billions per day

Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S. economy billions of dollars per day. Bessent said at a news conference the partial ... Read More

Is the U.S. economy getting weaker? Here's what we know.

Worries about the economy might be starting to affect consumers' spending decisions. If the U.S. economy was really flying high, the Federal Reserve wouldn't have lowered interest rates last month. So ... Read More

Shutdown With No Clear End Poses New Economic Threat

The effect is rippling beyond missing paychecks to federal services that support much of the economy. By Lydia DePillis The economic effect of past government shutdowns has been straightforward. The ... Read More

Shutdown could cost US economy $15 billion a week, Treasury says

Washington (Reuters) -The two-week-old federal government shutdown may cost the U.S. economy as much as $15 billion a week in lost output, a Treasury official said late on Wednesday, correcting an ... Read More

Shutdown could cost US economy $15 billion a week, Treasury says

Bessent earlier estimated cost of shutdown at up to $15 billion a day Bessent says shutdown is cutting 'into muscle' of US economy US Treasury chief says deficit was lower in fiscal 2025 Bessent says ... Read More