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The Eurasia Daily news agency

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This is a dead end: the US is losing $15 billion every day

Americans lose billions of dollars every day. This is the result of a political impasse. So far, this primarily affects the US economy, but soon the consequences will affect other countries. Gives details Gazeta.ru .

"The two-week suspension of the federal government costs the American economy about $ 15 billion a day due to the loss of production," Treasury Secretary Scott Bessent said on Wednesday, presenting an estimate of economic losses.

Bessent called on the Democrats to show "heroism" in the current situation and unblock the work of the government. Recall, the so-called suspension has been in effect since October 1 due to the lack of agreement in The Senate on the adoption of the budget.

Funding for federal institutions has been suspended. Democrats are demanding concessions from Republicans, including an increase in funding for subsidies for private health insurance.

In modern history, the United States has experienced many government shutdowns. The last time was almost seven years ago, during Donald Trump's first term, and lasted almost a month. The latest suspension has been going on for two weeks and, according to estimates by the US Treasury Secretary, has already cost more than $ 200 billion.

Moreover, about 750,000 federal employees are on forced leave, and the rest — about 1.5 million — are temporarily working without pay. At a recent press conference, Scott Bessent admitted that this is starting to affect the American economy.

 

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