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Howard Lutnick: “Fourth quarter GDP will be a point and a half lower than it…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick: How America Can Hit 6% GDP Growth in 2026

Published | Video Starts at 1:05:34

And you'd say, this is actually like the silliest thing in the world. You're giving the guy the same amount of money. What's the difference? These are the rules. So our Fourth quarter GDP will be a point and a half lower than it otherwise would be for this oddity [government shutdown]. Just the furlough, that's 150 basis. So like the common economists think the fourth quarter growth is going to be a point. Okay, they're just like wrong. (1:05:34–1:05:42)

CLAIM

Asserts that the fourth quarter GDP will be 1.5 points lower due to the government shutdown.

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