Treasury Secretary Scott Bessent warned Sunday that the ongoing federal government shutdown is already impacting air travel and cargo shipments and could disrupt holiday retail supply chains while hindering economic growth under President Donald Trump.
Bessent told viewers of “This Week with George Stephanopoulos on ABC” that “we’ve seen an impact on the economy from day one, but it’s getting worse and worse. We had a fantastic economy under President Trump for the past two quarters. And now, there are estimates that … economic growth for this quarter could be cut by as much as half if the shutdown continues.”
The economic concern extends beyond travel inconvenience and may now affect holiday gift supplies.
Read more at Newsmax© 2025 Newsmax. All rights reserved.
