"Are we starting to see a permanent impact on the economy? Stephanopoulos asked. Sure, George, Bessent said. He added, We've seen an impact on the economy from day one, but it's getting worse and worse. We had a fantastic economy under President Trump the past two quarters, and now there are estimates that the economic growth for this quarter could be cut by as much as half if the shutdown continues."
"No, George, the best way to do it and look, you were involved in a lot of these in the '90s, and you basically called the Republicans terrorists and you said that it is not the responsible party that keeps the government closed, Bessent said. And so what we need is five brave, moderate Democratic senators to cross the aisle."
The government shutdown, entering its 40th day, has impacted the economy from day one and is worsening, with estimates that quarterly growth could be cut by as much as half if it continues. Economic performance was strong over the past two quarters under President Trump before the shutdown effects emerged. Responsibility for the shutdown was placed on Democrats, and ending the filibuster was raised as a possible route to resolution. A call was made for five moderate Democratic senators to cross the aisle. References were made to 1990s Clinton-era exchanges and a personal jab about a recent Amazon purchase.
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