Treasury Chief Puts Daily Cost of 15-Day U.S. Shutdown at $15 Billion
A Senate stalemate over health-insurance subsidies blocks a funding bill despite Republican control.
Overview
- Treasury Secretary Scott Bressent told CNBC the shutdown is stripping roughly $15 billion a day from economic output.
- He said the stoppage is increasingly undermining an investment surge he attributes to President Trump’s policies.
- Flight disruptions, closures of cultural institutions, and widespread federal layoffs are ongoing on day 15.
- Cuts are concentrated in the Treasury, Health, Education and Commerce Departments, as well as DHS’s cybersecurity division.
- Republicans need at least seven Democratic votes to advance a funding bill in the Senate, recalling the 35-day shutdown in 2019 over border-wall funding.