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

Why this government shutdown could be different for the economy

If the shutdown extends into a second month, then damage starts to accumulate pretty quickly," said Mark Zandi, chief economist at Moody’s, ... Read More

As the Government Shutdown Continues, Economic Risks Intensify and Experts Warn of Long-Term Impact

Key Takeaways The U.S. economy faces increasing risks the longer the current government shutdown continues, economists said.The shutdown, which began Oct. 1, is now the second-longest in U.S. history, ... Read More

Shutdown With No Clear End Poses New Economic Threat

As Washington’s stalemate continues into its fourth week with no end in sight, it’s looking like this could become one of America’s longest funding lapses. During the previous record-holder, a 34-day ... Read More

Business groups warns government shutdown is 'harming small businesses and costing American economic growth'

Business groups including the U.S. Chamber of Commerce are warning that the ongoing government shutdown is harming small businesses and costing American economic growth. 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

Government shutdown halts data, stokes risk as economy wobbles, experts say

Government shutdown updates: 'There's nothing for us to negotiate,' Johnson says amid shutdown The absence ... some economists told ABC News. The extent of possible shutdown-induced economic damage ... Read More

Consumer sentiment sours as government shutdown threatens economic damage

Consumer sentiment soured in October as a government shutdown threatens to weaken a wobbly economy beset by an uptick in inflation and a sharp slowdown of hiring, fresh data on Friday showed. The ... Read More