A Treasury official clarified on Wednesday that the ongoing two-week federal government shutdown may be costing the US economy up to $15 billion per week in lost output, not per day, as Treasury Secretary Scott Bessent had mistakenly claimed earlier in two separate appearances.

Bessent had urged Democrats to “be heroes” and join Republicans in ending the shutdown, using the incorrect daily estimate. The revised weekly figure, the official noted, is based on analysis from the White House Council of Economic Advisers, as reported by Reuters.

Bessent told a news conference that the shutdown was starting to “cut into the muscle” of the US economy.

The wave of investment into the U.S. economy, including into artificial intelligence, is sustainable and is only getting started, but the feder

See Full Page