Shutdown Threatens US Economic Growth, Says Treasury | JQJO

Treasury Secretary Scott Bessent warned that a government shutdown could negatively impact U.S. economic growth and GDP. Speaking during a CNBC interview, Bessent highlighted potential damage to "working America" if operations cease. While past shutdowns had minimal economic effect, a prolonged closure, especially with potential federal worker firings, could prove more damaging. The secretary also dismissed concerns about widespread federal employee terminations as a "talking point" and criticized Democratic leaders. Separately, Bessent announced upcoming "substantial support" for farmers.