Back to today’s briefing

Story perspectives

Government Shutdown Costs U.S. Economy $11 Billion, Says Bessent

11/23/2025

39 6 Full Breakdown

Summary

Story summary

On November 23, 2025, Treasury Secretary Scott Bessent said the 43-day government shutdown caused an $11 billion permanent loss to the U.S. economy.
He expressed optimism for 2026, citing growth from tax cuts and rate reductions.
Bessent acknowledged housing struggles but said the economy is not at risk of recession.
He attributed inflation to the services economy, not tariffs.
He urged ending the Senate filibuster if Democrats shut down again.

1 of 1

Story summary

On November 23, 2025, Treasury Secretary Scott Bessent said the 43-day government shutdown caused an $11 billion permanent loss to the U.S. economy.
He expressed optimism for 2026, citing growth from tax cuts and rate reductions.
Bessent acknowledged housing struggles but said the economy is not at risk of recession.
He attributed inflation to the services economy, not tariffs.
He urged ending the Senate filibuster if Democrats shut down again.