Treasury Secretary Scott Bessent said on Wednesday that the two-week-old federal government shutdown may cost the US economy about $15 billion a day in lost output, putting an estimate on the situation's economic toll.

He urged Democrats to “be heroes” and side with Republicans to end the shutdown, warning that it is starting to “cut into the muscle” of the US economy.

Investment boom in the US

Speaking at a CNBC event held on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington, Bessent credited President Donald Trump's policies for unleashing the boom in investments.

He asserted that the only thing slowing down the US economy is the government shutdown, despite strong pent-up demand. He added that incentives in the Republican tax law and

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