Economy News Biden Warns Government Shutdown Would ‘damage The Economy Significantly’ Amid ‘intense’ House And Senate Negotiations – Live

Treasury Secretary Bessent warns shutdown could slash quarterly economic growth by half

Treasury Secretary Scott Bessent warns government shutdown could slash economic growth by half this quarter, calling impact worse each day the impasse continues. Read More

Brian Moynihan warns government shutdown risks slowing the economy—and urges policymakers to address fiscal concerns with a ‘clear head’

Brian Moynihan, CEO of Bank of America, is one of the voices now warning that if the government shutdown drags on too much longer then more serious economic consequences will have to be endured. Read More

White House says some economic data impaired by government shutdown

The White House said on Wednesday that October jobs and inflation data reports might never be released as a consequence of the government shutdown. Read More

Government shutdown standoff could trim $14 billion from GDP, CBO warns

FIRST ON FOX: The U.S. economy could lose up to $14 billion in economic growth due to the ongoing government shutdown, a new analysis said Wednesday. The nonpartisan Congressional Budget Office (CBO) ... Read More

Record government shutdown leaves an estimated $11 billion in permanent economic damage

The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy ... Read More

US economy could lose $15 billion from government shutdown

(CNN) - The Congressional Budget Office is warning the United States economy could lose billions of dollars due to the government shutdown. A report finds the shutdown will lower GDP growth for the ... Read More

Report: Government shutdown will cost the economy up to $14 billion

The U.S. economy will lose between $7 billion and $14 billion because of the federal government shutdown, according to a new report released Wednesday by Congress’s nonpartisan bookkeeper. Federal ... Read More

Brian Moynihan warns government shutdown risks slowing the economy—and urges policymakers to address fiscal concerns with a ‘clear head’

When the government shutdown began, the consensus was that it wouldn’t be too detrimental to the economy. Sure, certain datasets would be absent. And yes, there could be a mild downturn in consumer ... Read More