Treasury Secretary Scott Bessent said Thursday the government shutdown could slow the economy, delivering a blow to the nation's gross domestic product (GDP) and its workers.
“This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a CNBC “Squawk Box” interview.
“We could see a hit to the GDP, a hit to growth and a hit to working America,” he added.
GDP growth exceeded second quarter expecta...
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Meme battle consumes government shutdown messaging war
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Live updates: Johnson, House GOP lay blame on Schumer, push for votes to end shutdown
House Speaker Mike Johnson (R-La.) and his leadership team pushed blame for the government shutdown on Senate Minority Leader Chuck Schumer (D-N.Y.) at a press conference on Thursday morning, while urging the Senate to keep voting to end the two-day-old shutdown.
“The ball is in [Sen.] Chuck Schumer’s hands right now,” Rep. Steve Scalise (R-La.) said about the New York Democrat.
With at least another day before the Senate votes to potentially end the government sh...
White House amps up shutdown pressure on Democrats
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In today's issue:
▪ White House applies shutdown pressure
▪ Democrats call for perseverance
▪ Supreme Court to review Cook firing
▪ Trump signs Qatar protection order
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Lawmakers expect shutdown to drag on for at least a week
Senators say they expect the government shutdown to drag out until at least the middle of next week, with some fearing it could go even longer.
The Senate rejected votes to reopen the government on Wednesday, and the chamber will be out of session on Thursday in observance of Yom Kippur.
The Senate will return Friday, but few expect the vote that day on the House GOP measure to fund the government to have a different result.
Two Democratic senators and I...
GOP on shaky ground with claim about Democrats’ shutdown demands
Amid a stalemate over government funding, Republicans have repeatedly accused Democrats of demanding free health care for immigrants in the country illegally in return for their support of a federal funding bill.
It’s a misleading message circulated widely by Republican leaders in the House and Senate, as well as by President Trump and Vice President Vance.
Trump on Monday posted an AI fake of Senate Minority Leader Chuck Schumer (D-N.Y.) saying: “If we giv...
Moderate Democrats at center of shutdown pressure campaign
Moderate Democrats are at the center of a game of tug-of-war between Republicans and Democratic leadership, as the GOP attempts to peel off the five remaining votes needed to back the party’s “clean” stopgap spending bill and reopen the government.
According to multiple GOP sources, individual Republican lawmakers are engaging with Senate Democrats who they view as flippable in a bid to win them over. Although some members of leadership are involved, this is largely being d...
Students for Life: Abortion pill review ‘must go back to the beginning’
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White House plans for layoffs amid shutdown
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White House embraces government shutdown
The White House is embracing the fight over the first government shutdown since 2019, viewing it as a political loser for Democrats and an opening to unilaterally advance its own policy interests.
President Trump and Office of Management and Budget (OMB) Director Russell Vought have signaled they plan to use the shutdown to further slash the federal workforce and potentially pare back government programs and benefits.
While some polling has shown many Americans wi...