The United States faces a mounting economic threat as Treasury Secretary Scott Bessent warned that the ongoing government shutdown could deal a major blow to GDP and undermine working Americans.
Speaking on CNBC's Squawk Box, Bessent stressed that the impasse risks reversing recent economic momentum: 'This isn't the way to have a discussion, shutting down the government and lowering the GDP. We could see a hit to the GDP, a hit to growth and a hit to working America.'
