The head of the US Treasury announced a possible government shutdown

A possible shutdown of the US government later this week would be "incredibly disruptive" to the country's economy. This was announced on March 13 by the head of the US Treasury Department, Scott Bessent.

"It's incredibly devastating," he said in an interview with CNBC.

The US government faces a shutdown starting on March 15 if Congress does not pass a bill on government financing.

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On the eve of the bill on financing the American government until September 30, 2025, it was approved by the House of Representatives of the US Congress. The U.S. Senate is scheduled to vote on the bill by March 14. The Democrats have already announced their intention to vote against.

On March 8, American leader Donald Trump supported a bill to continue financing the work of the country's federal government, which was proposed in Congress by members of the Republican Party. According to him, representatives of the Democratic Party this time will try to do "everything in their power" not to agree on the draft.