Treasury official corrects Bessent: shutdown costs 'only' $15 billion a week

US Treasury Secretary Scott Bessento estimates that the government shutdown could cost the US economy up to $15 billion a week, a Treasury official said, correcting Bessent's earlier morning statements that the cost could be as high as $15 billion a day.

The official said that Bessent was referring to a report by the White House Council of Economic Advisers on the shutdown, which estimated an expenditure of $15 billion per week.