Government Shutdown Update

Kevin Hassett, Director of the White House National Economic Council, addressed the ongoing government shutdown, highlighting its potential repercussions on the economy. He emphasized the importance of a resolution to avoid further economic disruptions.

Impact on the Economy

Hassett warned that the government shutdown could lead to significant economic slowdowns, affecting federal services and employee incomes. He reiterated the urgency of bipartisan cooperation to mitigate these effects.

U.S. Trade Negotiations

During the interview on ‘Squawk Box’, Hassett also discussed the status of U.S. trade negotiations, indicating that ongoing discussions are crucial for economic stability. He stressed the need for continued dialogue to strengthen trade relations.