‘US Could Lose $15B in GDP Each Week’: White House Press Secy Leavitt on Govt Shutdown

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White House Press Secretary Karoline Leavitt warns that the US economy could lose up to $15 billion in GDP every week the government shutdown continues, raising alarm about severe consequences for businesses, workers, and consumers nationwide. In this video, we break down the administration’s economic estimates, explore the shutdown’s real impact on jobs and federal agencies, and explain what’s at stake if Congress fails to reach a deal.

Transcript

00:00The economic consequences of this shutdown are piling up every day.

00:04Policymakers, markets and even the Federal Reserve are flying blind at a key juncture

00:09because BLS and BEA data are on hold until the government reopens.

00:14Democrats shutting down the federal government to give health care to illegal aliens could lead

00:18to lower growth and higher unemployment rates for Americans. According to a new memo from

00:23the Council of Economic Advisers, the U.S. economy could lose $15 billion of growth

00:28domestic product each week. Every single week, the Democrat shutdown extends, with a month-long

00:34shutdown leading to an additional 43,000 unemployed people. Small businesses are likely to encounter

00:41delays in receiving federal loans. Mortgage applications will likely shrink. And just this

00:46morning, Business Roundtable, an association of more than 200 CEOs of Americans' leading companies,

00:52representing every sector of the U.S. economy, put out a statement urging Congress to pass

00:58the clean CR that will once again come before them in the Senate floor in just a few moments.

01:03Quote, A fully functioning government is essential for American businesses, workers and consumers,

01:09while policy makers continue working on a full year funding package and other pressing issues.

01:15Again, that is a quote from the Business Roundtable.

01:18What's clear is that the Democrats' actions account to an intentional sabotage of our country

01:23and our people by shutting down our government? This madness must end. President Trump and

01:29Republicans are calling on Democrats to reopen the government immediately on behalf of the American

01:35public. All we need are five Democrat senators to do the right thing and to stop this shutdown.

01:42Call your Democrat senator and tell them to vote yes to reopen the government. On another matter,

01:47despite the Democrat shutdown, President Trump's efforts to make America safe again continue.

01:52President Trump believes that American cities should be the safest places on earth,

01:57and he is committed to making this a reality. We've already seen that President Trump successfully

02:02made D.C. safe again in only a few weeks. That same crime crackdown will continue to happen in

02:08cities across the country and is happening in Portland, Oregon. President Trump will end the radical

02:14left's reign of terror in Portland once and for all. The President has directed Secretary Hegseth to

02:20provide all necessary troops to protect war-ravaged Portland and any ICE facilities under siege from

02:25attack by Antifa and other left-wing domestic terrorists. What's been allowed to happen in

02:31Portland, and we saw disturbing video footage of this last night, this is not peaceful protesting,

02:36this is left-wing anarchy that has been destroying this great American city for years,

02:41leaving police officers battered, citizens terrorized, and business properties damaged. Since early June

02:47alone, Antifa terrorists have laid siege to the ICE field office in South Portland.

02:52These radical left-wing lunatics have violently breached the ICE facility by using a stop sign

02:57as a battering ram, hurled explosives and other projectiles at law enforcement,

03:02repeatedly assault and dox officers, berate their law-abiding neighbors, and have even rolled out

03:08a guillotine in front of the ICE facility.

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