Treasury Secretary Warns Shutdown Could Cost US $15 Billion Per Day

Treasury Secretary Scott Bessent said Oct. 15 that the now two-week government shutdown will cost the U.S. economy billions of dollars per day and called on moderate Democrats to negotiate.

The White House’s Office and Management and Budget said Oct. 14 it is preparing for a protracted battle as President Donald Trump warned at a White House event that programs favored by Democrats may be terminated and that “they’re never going to come back, in many cases.”