Commerce Secretary Gina Raimondo says business leaders are 'very worried' about a government shutdown

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The White House has asked Congress to pass a short-term spending bill to avoid a partial shutdown on Oct. 1.

that he couldn't rule out a potential government shutdown after struggles to make a deal to raise the nation's debt ceiling stretched on, bringing the country dangerously close to a default.why the ratings agency recently downgraded U.S. credit from its highest rating. The agency said that the government's"repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management.

"The reality is that inflation still exists," Raimondo said."I don't want to minimize what Americans are feeling, and that's why we get up and go to work every day, but this economy by any measure is doing incredibly well, and much better than anyone could have predicted, I think, three years ago when we started."Raimondo also spoke on her recent visit to China, saying that"a great deal of progress" was made. Raimondo is the first U.S.

American business leaders have expressed concern about the handling of trade secrets, Raimondo said. Another is the lack of transparency in Chinese business regulations.have had their offices raided and employees detained, without Chinese authorities presenting hard evidence of wrongdoing. When asked if she trusted the Chinese government after her visit, Raimondo said that"trust is probably not the word" she would use.

 

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