Saturday, November 01, 2025

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October 16, 2025 1:48 PM

Shutdown could cost US economy $15 billion a week, Treasury says

The two-week-old federal government shutdown may cost the U.S. economy as much as $15 billion a week in lost output, a Treasury official said late on Wednesday, correcting an earlier statement from Treasury Secretary Scott Bessent that put the cost a...

March 20, 2025 1:15 PM

Fed in no rush to cut rates; Trump disagrees

 The Trump administration's initial policies, including extensive import tariffs, appear to have tilted the U.S. economy toward slower growth and at least temporarily higher inflation, Federal Reserve Chair Jerome Powell said on Wednesday, drawing ...

 

Last updated on: 1st Nov 2025