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Bessent Acknowledges Worsening Economy as Shutdown Reaches Day 40

The treasury chief urged five Democrats to back a funding bill rather than scrapping the filibuster.

Overview

  • In an interview on ABC's This Week, Treasury Secretary Scott Bessent said the shutdown's economic impact is getting worse and worse.
  • Bessent cited estimates that quarterly growth could be cut by as much as half if the impasse persists.
  • Pressed on President Trump's calls to end the Senate filibuster, Bessent declined to endorse the move and called for five Democratic senators to cross the aisle.
  • He blamed Democrats for the stalemate during the exchange with host George Stephanopoulos.
  • The conversation grew tense as Bessent invoked Stephanopoulos's 1990s-era comments while arguing over responsibility for government shutdowns.