Scott Bessent Bets on U.S. Growth Surpassing 3% Soon

Scott Bessent responded to criticism of the fiscal impact of President Donald Trump’s “One Big, Beautiful Bill.” After some Republicans in Congress like Ron Johnson, Rand Paul, or Thomas Massie were concerned about the effects of legislation on the country’s fiscal trajectory, the Treasury Secretary said the important thing is that “the economy grows faster than debt.” Read more]]>

Scott Bessent Bets on U.S. Growth Surpassing 3% Soon

U.S. Treasury Secretary Scott Bessent, a pivotal Trump administration economic advisor, said in a Bloomberg TV interview from today, that he anticipates U.S. economic growth surpassing 3% by late 2025. He anchors this bold forecast on a strategy blending tax cuts, deregulation, and trade reforms. His vision reveals a push to boost American prosperity while […]

Bessent Says U.S. Can ‘Grow Our Way Out Of’ National Debt Crisis By Focusing On Economy

Treasury Secretary Scott Bessent argued on Friday that the country’s massive debt can be controlled by growing the U.S. economy.Bessent addressed concerns over President Donald Trump’s “Big, Beautiful Bill” adding to the national deficit during a segment with Fox News host Bill Hemmer. A Congressional Budget Office report released earlier this week said the Republican bill passed by the House on early Thursday morning will add $3.8 trillion to t…

Bessent: U.S. Can Overcome National Debt Crisis by Prioritizing Economic Growth

Treasury Secretary Scott Bessent spoke on Fox News about the growing national debt and how it can be managed through economic growth. His comments came after the House passed President Trump’s “Big, Beautiful Bill,” which critics say could add $3.8 trillion to the deficit over the next decade. Currently, the national debt is nearing $37 trillion, with the federal deficit exceeding $2 trillion. Bessent emphasized the importance of the economy gro…