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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.

Prepared by Christopher Adams and reviewed by editorial team.