Economy News Dockworkers Strike Could Cost The Economy $4 5b Per Day—and Rekindle Inflation
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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
The government shutdown could cost the U.S. economy up to $14 billion, new report says
The U.S. economy could lose between $7 billion and $14 billion as a result of the government shutdown, according to a new report from the nonpartisan Congressional Budget Office (CBO). Given the scale ... Read More
Federal shutdown could cost US economy up to $14 billion
WASHINGTON (Reuters) -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 ... Read More
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