Janet Yellen says a government shutdown would add to risks of a recession

https://www.npr.org/2023/09/30/ [login to see] /janet-yellen-government-shutdown-economy-recession
As a government shutdown looks increasingly likely, Treasury Secretary Janet Yellen is sounding the alarm about the damage it could do to the U.S. economy.

"It's really reckless and will impose immediate harm, which will intensify over time," Yellen said in an interview with NPR on Friday.

A big fear is a government shutdown could tip the U.S. economy into a recession. "I don't want to predict that," Yellen said. "But I think it's a risk factor."

At his last news conference, following the Federal Reserve's last meeting, Fed Chair Jerome Powell said a potential shutdown was on "a long list" of headwinds facing the U.S. economy.