AI Investment Masks Economic Vulnerabilities While Driving Unprecedented Growth
The AI Spending Paradox As trade tensions escalate and tariffs threaten to dampen economic momentum, a surprising force has emerged…
Tag: Economy of the United States
The AI Wealth Effect: How Tech Boom Masks America’s Two-Tiered Economy
The Great American Economic Paradox As global financial leaders gathered in Washington for IMF meetings this week, they encountered an…
Government Shutdown Costing U.S. Economy $15 Billion Daily, Treasury Secretary Warns
The ongoing federal government shutdown is reportedly costing the U.S. economy approximately $15 billion per day in lost output, according to Treasury Secretary Scott Bessent. The Treasury chief warned the shutdown is beginning to “cut into muscle” of the economy despite what he described as sustainable investment growth in areas including artificial intelligence.
Shutdown’s Economic Impact Reaches $15 Billion Daily
The two-week-old federal government shutdown is costing the U.S. economy approximately $15 billion daily in lost output, Treasury Secretary Scott Bessent stated Wednesday. According to reports from Washington, Bessent put this specific estimate on the economic toll while urging Democratic lawmakers to “be heroes” and side with Republicans to end the impasse.