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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.