US Treasury warns shutdown hurting economy, payment systems
Treasury warns shutdown is affecting services, payments, and broader economic growth.
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4h agoUS Treasury warns shutdown hurting economy, payment systems
U.S. Treasury Secretary Scott Bessent cautioned that the ongoing federal government shutdown is now starting to impair the real economy. Key services including federal payments, grant disbursements, and contract obligations are being delayed. The shutdown hampers data release, business operations, and consumer confidence. Bessent said priority allocations are favoring military payrolls, leaving other areas in limbo. Economists warn sustained disruption could widen fiscal stress and slow growth momentum ahead.
negative
4h agoUS Treasury warns shutdown hurting economy, payment systems
U.S. Treasury Secretary Scott Bessent cautioned that the ongoing federal government shutdown is now starting to impair the real economy. Key services including federal payments, grant disbursements, and contract obligations are being delayed. The shutdown hampers data release, business operations, and consumer confidence. Bessent said priority allocations are favoring military payrolls, leaving other areas in limbo. Economists warn sustained disruption could widen fiscal stress and slow growth momentum ahead.
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US Treasury warns shutdown hurting economy, payment systems
about 5 hours ago
1 min read
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Treasury warns shutdown is affecting services, payments, and broader economic growth.
U.S. Treasury Secretary Scott Bessent cautioned that the ongoing federal government shutdown is now starting to impair the real economy. Key services including federal payments, grant disbursements, and contract obligations are being delayed. The shutdown hampers data release, business operations, and consumer confidence. Bessent said priority allocations are favoring military payrolls, leaving other areas in limbo. Economists warn sustained disruption could widen fiscal stress and slow growth momentum ahead.
U.S. Treasury Secretary Scott Bessent cautioned that the ongoing federal government shutdown is now starting to impair the real economy. Key services including federal payments, grant disbursements, and contract obligations are being delayed. The shutdown hampers data release, business operations, and consumer confidence. Bessent said priority allocations are favoring military payrolls, leaving other areas in limbo. Economists warn sustained disruption could widen fiscal stress and slow growth momentum ahead.
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economy
US govt
economy
US govt
policy
macro
fiscal
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