U.S. Treasury Secretary Scott Bessent speaks during a press conference August 24 at the Treasury Department in Washington, D.C. Bessent and other finance leaders from the G20 countries are taking part in a meeting Monday and Tuesday in North Carolina. Photo by Bonnie Cash/UPI | License Photo
Aug. 31 (UPI) -- Finance ministers and other officials from the Group of 20 nations, as well as many CEOs, met Monday in Asheville, N.C., at a summit in which U.S. leaders intended to focus on growth and Iran -- but also drew protests from other leaders for the inclusion of the Russian minister.
U.S. Treasury Secretary Scott Bessent told officials that the United States wants to focus on the mission of accelerating growth and said the countries need to work together
"The world is awash in debt, and the only way for us to get out of this is to grow our way out of this," Bessent said, CNBC reported.
He also said a "durable" global economy" cannot rest on "beggar-thy-neighbor acts that stifle fair, market-based competition," The New York Times said.
