The Business Times
business-time-50

US fourth-quarter GDP could be negative if shutdown drags on, White House economic adviser says

Summarise
google-preferred-sourceAdd BT as a preferred source
Published Mon, Nov 10, 2025 · 06:37 AM
    • Airlines across the US have cancelled flights scheduled for the coming days, as the longest government shutdown in history snarls up air travel and forces thousands of passengers to change their travel plans.
    • Airlines across the US have cancelled flights scheduled for the coming days, as the longest government shutdown in history snarls up air travel and forces thousands of passengers to change their travel plans. PHOTO: BLOOMBERG

    [WASHINGTON] US economic growth in the fourth quarter could be negative if a federal shutdown drags on, White House economic adviser Kevin Hassett said in an interview that aired on Sunday.

    Hassett, speaking to the CBS show Face the Nation, noted that a shortage of air traffic controllers was causing major travel delays in the run-up to the Thanksgiving holiday.

    “Thanksgiving time is one of the hottest times of the year for the economy... and if people aren’t traveling at that moment, then we really could be looking at a negative quarter for the fourth quarter,” he said. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    US economyUS politicsUnited States

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The exterior (left) and interior (right) views of Waterwall House, featuring glass interfaces, open voids, split levels and raw concrete walls.

    Rare brutalist Singapore house opens to the public before changing hands

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More