Treasury Secretary Janet Yellen is sounding the alarm about the damage a government shutdown could do to the U.S. economy. 'It's really reckless and will impose immediate harm,' Yellen told NPR.
, Fed Chair Jerome Powell said a potential shutdown was on"a long list" of headwinds facing the U.S. economy.
In an exclusive interview with NPR, Yellen emphasized a government shutdown could have an effect on the level of confidence businesses and consumers have in the economy. A longtime government policymaker, Yellen has been in government during previous shutdowns. But, she said, the run-up to this potential shutdown seems different."The problem is a very small, extreme group of Republicans that are holding a continuing resolution hostage in the House," she said."I haven't seen something like that before, that such a small group of people could inflict such damage on the American people and the American economy.
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