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Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession

  • U.S. Treasury Secretary Scott Bessent stated that a 'detox' period for the U.S. economy does not necessarily mean a recession is coming.
  • Bessent expressed concerns over the current levels of government spending, referring to them as 'unsustainable.'
  • Recent economic indicators show that job growth was slower than expected and consumer confidence has declined.
  • The S&P 500 has dropped 6% in March, indicating challenges in economic growth.
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NewsmaxNewsmax

Bessent: Economic 'Detox' Doesn't Have to Be a Recession

Bessent: Economic 'Detox' Doesn't Have to Be a Recession

·Washington, United States
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Zero HedgeZero Hedge

Wall Street Finally Admits DOGE's Work To "Detox" Government Is Critical, But Will Be Brutally Painful

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

·United States
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CNBCCNBC

Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession

The Trump administration is aiming for a "smooth transition" as it looks for ways to cut government spending.

·United States
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Yeshiva World NewsYeshiva World News

Treasury Sec. Bessent: Tax Plan, Deregulation to Boost Economic Certainty

Treasury Secretary Scott Bessent: “What we’re trying to do is create economic certainty. We’re going to do it with the tax plan. We’re going to do it with deregulation.”

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Star AdvertiserStar Advertiser

Letter: Can’t trust corporations to put public good first | Honolulu Star-Advertiser

The Trump administration is downplaying escalating fears of a recession and declining stock prices. In an interview on CNBC’s “Squawk Box,” Treasury Secretary Scott Bessent said, “The market and the economy have just become hooked. We’ve become addicted to this government spending, and there’s going to be a detox period.” This statement echoes the Trump administration’s supposed intent to privatize our tax dollars.

·Honolulu, United States
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pokonews.compokonews.com

Is Trump ‘Detoxing’ the Economic system or Poisoning It?

In his first time period, Donald Trump was typically criticized for taking the inventory market too significantly for conflating Wall Road and Fundamental Road. Say what you’ll about his second time period, however I don’t assume you may make the identical criticism. One other curler coaster day on Wall Road tied to rising fears of a recession. Markets endured their worst buying and selling day of the yr yesterday. Now the issue is, Aaron, we do…

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Star Advertiser broke the news in Honolulu, United States on Thursday, March 13, 2025.
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