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flag Treasury Secretary Bessent denies White House plan to replace ACA with cash payments, warns shutdown harms economy and risks deeper damage.

flag Treasury Secretary Scott Bessent stated there is no formal White House proposal to replace the Affordable Care Act with direct payments to Americans, despite President Trump’s social media push. flag He warned the ongoing government shutdown is harming the economy, potentially cutting quarterly growth by half, and causing supply chain disruptions and holiday shortages. flag Bessent urged five moderate Democratic senators to support reopening the government, criticizing Democrats for using the shutdown politically. flag He emphasized the worsening economic and human toll, stressing that continued inaction risks deeper damage.

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