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

Shutdown may start costing economy $15B a week: Bessent

Treasury Secretary Scott Bessent said Wednesday that the ongoing government shutdown may start costing the economy as much as $15 billion per week. In his remarks Bessent actually used the figure ... Read More

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

Treasury Secretary Scott Bessent warned the ongoing government shutdown could cost the U.S. economy up to $15 billion weekly as it enters its third week. Read More

Shutdown costing US economy about $15B a week: Hassett

National Economic Council Director Kevin Hassett warned Monday that the government shutdown could cost the U.S. economy approximately $15 billion a week. In an interview on CNBC’s “Squawk Box,” ... Read More

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

The two-week-old federal government shutdown is costing the U.S. economy about $15 billion a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic ... Read More

The U.S. economy grew more than thought in the second quarter

Revised GDP data from the Commerce Department puts second-quarter economic growth at 3.8%. That could complicate things for the Federal Reserve, which tends to cut rates when the economy is struggling ... Read More

The stock market has thrived even with all this economic uncertainty

Wall Street’s good times are rolling, for now, despite persistent inflation, the government shutdown and a slowing job market. Read More

Would a government shutdown hurt the economy? Experts explain

The federal government is hurtling toward a possible shutdown Tuesday night. The federal government is hurtling toward a possible shutdown at a delicate moment for the nation's economy, as a hiring ... Read More

Fed's Powell says economy may be on firmer footing, but job market weak

The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy "may be on a somewhat firmer trajectory than expected," Federal Reserve Chair Jerome ... Read More