Scott Bessent RSS
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026
US Treasury Secretary Scott Bessent aims to implement economic policies to drive growth, reduce debt, and control inflation, with a goal to reduce the budget deficit to 3% of GDP by 2026 Questions to inspire discussion Fiscal Policy & Deficit Reduction 🏛️ Q: What is the 2025-2026 deficit trajectory? A: US fiscal year 2025 saw deficit of $1.78T (better than estimated $2T), with 2026 forecasted at $200-300B contraction, bringing deficit-to-GDP from peak 6.8% to mid-5% range. 💰 Q: How does deficit reduction contribute to disinflation? A: MIT study showed 42% of recent inflation caused by budget deficit and 17%...