Browsing: Bessents

The United States has hit a historic fiscal precipice. Publicly held national debt has breached 100% of gross domestic product (GDP), and gross national debt has soared past $40 trillion. In response, Treasury Secretary Scott Bessent and administration officials have pitched an alluring escape hatch: growing the economy out of the crunch. By targeting a…

Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about burgeoning government debt, heavy borrowing by tech firms, and the Federal Reserve’s commitment to fighting inflation

Interest rates rebounded Thursday despite efforts by U.S. Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about burgeoning government debt, heavy borrowing by tech firms, and the Federal Reserve’s commitment to fighting inflation