Scott Bessent Says US Can ‘Grow Our Way Out’ of $40 Trillion Debt—Economist Says ‘Not Feasible’
Scott Bessent says 3% GDP growth and spending restraint could help the US grow its way out of debt.
A government leader thinks the US can fix its huge debt by growing the economy faster and spending less money, but an expert disagrees that this will actually work. When leaders disagree about how to fix money problems, it shows people aren't sure what will happen next—which can make the market feel uncertain.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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