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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Coverage Details
Total News Sources8
Leaning Left0Leaning Right3Center2Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 40%
R 60%
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