Shutdown could cost US economy US$15bil a week, Treasury says

Shutdown could cost US economy US$15bil a week, Treasury says

The Star Online - Business·2025-10-16 19:00

WASHINGTON: The two-week-old federal government shutdown may cost the U.S. economy as much as $15 billion a week in lost output, a Treasury official said late on Wednesday, correcting an earlier statement from Treasury Secretary Scott Bessent that put the cost at up to $15 billion per day.

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