By Greg Robb and Victor Reklaitis
By Greg Robb and Victor Reklaitis
Pledge to cut government spending comes as U.S. debt has passed $40 trillion
When will the Trump administration release its plan for tackling the federal government's persistent deficits?
Treasury Secretary Scott Bessent promised skittish bond investors last week that the White House would roll out a new plan for tackling the federal government's persistent deficit within days.
Now, he says a tax and spending package might not actually be ready for months.
Treasury Secretary Bessent says US must grow its way out of debt, not cut its way out
Fiscal hawks skeptical of Bessent's plan to 'grow our way out' of $40 trillion debt
Scott Bessent's plan to tame US borrowing costs keeps running into the bond market's brick wall
Scott Bessent seeks to lower US borrowing costs amid bond market resistance
We are caught between a debt crisis and an inflation crisis
Treasury Secretary Scott Bessent's 3-3-3 plan to cut the deficit to 3% of GDP by 2028 faces Congressional resistance as national…
Bessent argued that the $40 trillion figure does not capture the nation’s fiscal picture because part of the debt is held by the…
His remarks comes as the treasury said it would increase “by at least double” the size of buybacks. Read more at…
Treasury Secretary Scott Bessent said Thursday that there's a "very good chance" of the U.S. has seen its budget deficit peak…
Treasury Secretary Scott Bessent's 3-3-3 framework bets on 3% GDP growth to stabilize US national debt now exceeding $40 trillion…
By Victor Reklaitis and Greg Robb
