{"id":277395,"date":"2025-11-07T14:35:11","date_gmt":"2025-11-07T14:35:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/277395\/"},"modified":"2025-11-07T14:35:11","modified_gmt":"2025-11-07T14:35:11","slug":"us-government-shutdown-far-worse-than-expected-white-house-adviser-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/277395\/","title":{"rendered":"US government shutdown far worse than expected, White House adviser says"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The economic impact of the US government shutdown is far worse than expected, but the US economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Construction projects are starting to slow down and travel is suffering, Hassett said in an interview with Fox Business Network.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cTravel and leisure is a place that\u2019s really being heavily hit right now, and if it continues to get hit, if the air travel thing goes south for another week or two, then you could say that they would have at least a near-term downturn,\u201d Hassett said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Hassett, director of the National Economic Council, stopped short of saying any part of the US economy was in recession, not going as far as Treasury Secretary Scott Bessent did last week.<\/p>\n<p><img decoding=\"async\" alt=\"A closed sign is seen outside the US Capitol Visitor Centre due to the US government shutdown. Photo: TNS\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/11\/dd851b39-8e92-49e5-837a-a6172ddc98de_595de0ff.jpg\" title=\"A closed sign is seen outside the US Capitol Visitor Centre due to the US government shutdown. Photo: TNS\"\/>A closed sign is seen outside the US Capitol Visitor Centre due to the US government shutdown. Photo: TNS<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The labour market is a bit softer, in part because of uncertainty caused by the 38-day government shutdown, Hassett said on Mornings with Maria.<\/p>\n","protected":false},"excerpt":{"rendered":"The economic impact of the US government shutdown is far worse than expected, but the US economy is&hellip;\n","protected":false},"author":2,"featured_media":277396,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[147331,23,147330,48295,37419,3,9293,21,19,22,20,25,24,2002,3123],"class_list":["post-277395","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-aidan-lewis","tag-america","tag-doina-chiacu","tag-fox-business-network","tag-kevin-hassett","tag-news","tag-u-s-government-shutdown","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa","tag-washington","tag-white-house"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/277395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=277395"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/277395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/277396"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=277395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=277395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=277395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}