Tag: Government shutdowns in the United States

AutomotiveBusiness

US Auto Sector Shows Unexpected Resilience Amid Economic Headwinds and Tariff Pressures

The U.S. automotive industry is proving more resilient than anticipated despite ongoing economic pressures. Recent analyst upgrades and reports indicate the sector has weathered tariff impacts better than forecast, though challenges remain.

Industry Defies Expectations Amid Economic Pressure

The U.S. automotive sector continues to demonstrate unexpected resilience despite facing significant economic headwinds and ongoing cost pressures, according to recent analyst reports and industry assessments. Sources indicate that while the industry faced relatively bearish outlooks for 2025, performance has exceeded many expectations despite persistent challenges.

by Priya Kapoor
EconomyGovernment

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.

by Priya Kapoor