Story perspectives

Shutdown Hurting Economy: Airlines, Construction at Risk

11/8/2025

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Summary

Story summary

White House economic adviser Kevin Hassett warned that the ongoing U.S. government shutdown—the longest in history—is causing damage.
He noted the airline industry could face a near-term downturn if disruptions continue.
Hassett highlighted a slowdown in construction and a softer job market.
He believes the economy will recover quickly once the government reopens.
He refrained from declaring any part of the economy in recession, contrasting with Scott Bessent's assessment.

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Story summary

White House economic adviser Kevin Hassett warned that the ongoing U.S. government shutdown—the longest in history—is causing damage.
He noted the airline industry could face a near-term downturn if disruptions continue.
Hassett highlighted a slowdown in construction and a softer job market.
He believes the economy will recover quickly once the government reopens.
He refrained from declaring any part of the economy in recession, contrasting with Scott Bessent's assessment.