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Bessent Vows US Debt Plan 'Right After the Midterms'
Bessent Vows US Debt Plan 'Right After the Midterms'
Sputnik India
Treasury Secretary Scott Bessent says the administration will unveil a fiscal consolidation plan immediately after the November elections — acknowledging the... 09.10.2026, Sputnik India
2026-10-09T09:21+0530
2026-10-09T09:21+0530
2026-10-09T10:03+0530
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"The president and I are working on a fiscal consolidation plan. I think we're going to unveil that right after the midterm," he told Newsmax.Although debt-service costs have reached $1.2–1.3 trillion per year, Bessent said that continuous economic growth is the solution to both the debt and the federal budget deficit.
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Bessent Vows US Debt Plan 'Right After the Midterms'
09:21 09.10.2026 (Updated: 10:03 09.10.2026) Treasury Secretary Scott Bessent says the administration will unveil a fiscal consolidation plan immediately after the November elections — acknowledging the national debt has climbed to roughly $41 trillion.
"The president and I are working on a fiscal consolidation plan. I think we're going to unveil that right after the midterm," he told Newsmax.
Although debt-service costs have reached $1.2–1.3 trillion per year, Bessent said that continuous economic growth is the solution to both the debt and the federal budget deficit.
