Government Shutdown's Economic Impact: Uncertainty Looms

National Economic Council Director, Kevin Hassett, expresses concern over the long-term economic impact of the recent government shutdown. He reveals that crucial federal surveys were not completed, potentially leaving gaps in our understanding of the economy. The White House announces that inflation data for October might not be released due to the shutdown, a first in history. Hassett admits hes unsure when the missing October economic data will be released, attributing the delay to the shutdowns widespread impact. He concludes that the National Economic Council will operate with a cloudy view of the economy until data collection agencies resume their work. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.