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Bessent Says Budget Deficit Will Near 7 Percent of GDP This Year, Blames ‘Blowout’ Spending Under Biden
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Bessent Says Budget Deficit Will Near 7 Percent of GDP This Year, Blames ‘Blowout’ Spending Under Biden

The Treasury chief says the fiscal imbalance reflects historic overspending, while touting the Trump administration’s tax and trade agenda.Treasury Secretary Scott Bessent told lawmakers Wednesday that…
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