Bessent: US can ‘grow our way’ out of $40 trillion debt
Summary
Treasury Secretary Scott Bessent said the United States can use economic growth to manage and reduce its national debt, which recently reached $40 trillion. He emphasized that this large number is not impossible to handle through growth.Key Facts
- The U.S. national debt reached $40 trillion on Wednesday.
- Treasury Secretary Scott Bessent spoke about the debt on Thursday.
- Bessent believes the country can manage the debt by increasing economic growth.
- He said the $40 trillion figure is not a fixed barrier or crisis.
- Bessent made these comments during an interview on the program "Squawk on the Street."
- The discussion focused on strategies to deal with the national debt.
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