Tags: scott bessent | shutdown | u.s. | economy

Bessent: Government Shutdown Is Hitting Economy

Bessent: Government Shutdown Is Hitting Economy
Treasury Secretary Scott Bessent speaks after President Donald Trump signed an executive order regarding TikTok in the Oval Office at the White House, Sept. 25, 2025, in Washington, D.C. (Alex Brandon/AP)

Monday, 13 October 2025 08:35 AM EDT

The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said Monday as the closure entered its 13th day.

"This is getting serious. It's starting to affect the real economy," he told Fox Business Network's "Mornings with Maria" program, without offering more detail.

Bessent added that in order to allow paychecks to U.S. military service members, the government was having to hold back on payments to other federal workers and services in areas such as Smithsonian museums and the National Zoo.

"We are having to shuffle things around. We are having to furlough workers here in DC and around the country," Bessent said in the interview.

Bessent reiterated his previous statements that the shutdown was stalling U.S. aid for farmers. Official U.S. Treasury economic data will also be released after the shutdown ends, he added.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said Monday as the closure entered its 13th day.
scott bessent, shutdown, u.s., economy
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2025-35-13
Monday, 13 October 2025 08:35 AM
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