Bessent predicts economic crisis in the United States if tax cuts are not extended – 01/16/2025
Scott Bessent, Donald Trump’s nominee for Treasury Secretary, said “Americans are headed for an economic crisis at the end of the year,” while stressing the importance of extending the tax cuts Mr. Trump. Testifying before the Senate Finance Committee on Thursday, Bessent also discussed what he sees as the federal government’s “significant spending problem,” the need to unwind supply chains and “prudently” deploy sanctions.
Bloomberg Videosprovided by MT Newswire
