US Treasury chief Scott Bessent says government shutdown is hitting economy
Reuters October 14, 2025 12:40 AM
Synopsis

The US federal government shutdown is now in its 13th day. Treasury Secretary Scott Bessent says the closure is seriously affecting the real economy. To ensure military paychecks, other federal workers and services are being impacted. Farmers are also facing stalled aid. Economic data releases are delayed until the shutdown ends.

U.S. Treasury Secretary Scott Bessent
The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day.

"This is getting serious. It's starting to affect the real economy," he told Fox Business Network's "Mornings with Maria" program, without offering more detail.

Bessent added that in order to allow paychecks to U.S. military service members, the government was having to hold back on payments to other federal workers and services in areas such as Smithsonian museums and the National Zoo.


"We are having to shuffle things around. We are having to furlough workers here in DC and around the country," Bessent said in the interview.

Bessent reiterated his previous statements that the shutdown was stalling U.S. aid for farmers. Official U.S. Treasury economic data will also be released after the shutdown ends, he added.
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