🚨 The White House is sounding the alarm: if the government shutdown drags on, Q4 growth could skid into negative territory.
🔍 White House economic adviser Kevin Hassett told the CBS show Face the Nation that delays from an air traffic controller shortage are already snarling Thanksgiving travel. "Thanksgiving time is one of the hottest times of the year for the economy… and if people aren't traveling, then we could be looking at a negative quarter," he explained.
💡 Treasury Secretary Scott Bessent shared similar concerns on ABC's This Week, warning that growth could be slashed "by as much as half" this quarter if there's no deal. "We've seen an impact from day one, but it's getting worse," he said.
✈️ After 40 days, the shutdown has sidelined federal workers, disrupted food aid and parks, and threatened holiday travel plans. The ripple effects could hit your wallet and the global markets.
👀 Stay tuned to D.C. as lawmakers race against the clock—your holiday plans and the U.S. economic forecast hang in the balance.
Reference(s):
Top White House officials issue dire economic warnings amid shutdown
cgtn.com
