Treasury Secretary Pisent says that GDP can take great success from the government’s closure

Treasury Secretary Scott Bessent told CNBC on Thursday that US economic growth may be hurt by the government’s closure.

“This is not the way to conduct a discussion and closure of the government and reduce GDP,” Pesin said during “This is not the way to conduct a discussion and closure of the government and reduce GDP,”Squawk box“interview.”

The cabinet official spoke on the second day of The government closing Since the two fighter sides in Washington, DC, have not reached an agreement on a continuous decision allowing spending and operations.

The growth in the United States was in an upward path during the past two, after the economy started during the first part of the year.

GDP increased at an annual rate by 3.8 % in the second quarter, and according to the Atlanta Federal Reserve gross domestic product It follows, on the right path to growth at the same rate for the third quarter that was recently completed.

Although previous government closure did not show a little effect on growth, a Stop may lead to a long time to cause some damageEspecially if President Donald Trump follows and shoots permanently at a large amount of 750,000 federal workers or so are affected by the current situation.

When asked if Trump was thinking about this step, it was called a “point of discussion”.

“The Senator (Chuck) Shomer, actor (Hakim) Jeffrez, as you know, they are weak, they are not exploited,” said Pesint on the Democratic leaders of the Senate and the House of Representatives. “They do not represent the American people, and you know that they suffer from excuses.”

The labor market is one of the most sensitive parts of the economy now. private The salary statements declined by 32,000 In September, according to ADP, the slowdown in employment reflects.

Although the weekly unemployed claims were largely chosen, the demobilization of workers this year is at its highest levels since 2020, according to Covid PandeMic, Challenger, Gray & Christmas on Thursday.

In a separate issue, Bessent said that news will be announced on Tuesday about “great support” for farmers, especially in the manufacture of soybeans.

He also said that the interviews are continuing to find an alternative to the Federal Reserve Chair Jerome PowellThe end of the duration of its end in May 2026. About 11 potential hope For the head of the central bank. The first round of the interviews was completed, with the start of the second of next week, which eventually led to a list of three to five candidates indicating Trump to make a final decision.