Economy News A Port Strike Could Cost The Economy $5 Billion Per Day, Here S What It Could Mean For You

Keve warns port strike could harm economy and supply chain

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday expressed strong concerns over the indefinite strike announced by the Cyprus transport workers’ union, which is expected to begin on ... Read More

Federal shutdown could cost US economy up to $14 billion

The federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, shaving up to 2% from gross domestic product in the fourth quarter due to the lapse in government ... 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

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 of ... Read More