President-elect Trump's nominee to serve as Treasury secretary, Scott Bessent, has a 3-3-3 plan that aims to curb budget deficits while spurring economic growth and energy production.

Treasury Secretary Scott Bessent is explaining the economic theories that guide President Donald Trump to skeptical audiences, rooting his arguments in growth and abundance amid fears of austerity ...

Instead of intimidation, Bessent’s 3-3-3 plan aims for generating 3% real gross-domestic-product growth, cutting the deficit to 3% of GDP (from over 6% currently), and boosting U.S. oil ...

Bessent’s 3-3-3 Economic Growth Plan and the 5-4-3 Threat. Persistent inflation and high interest rates could stand in the way of his ideas for expanding GDP. By . Gerard Baker. Share.

Treasury Secretary Bessent has a plan to bring down long-term yields. But will it work? Last Updated: May 27, 2025 at 4:02 p.m. ET First Published: May 27, 2025 at 1:15 p.m. ET.

Bessent, whose Senate confirmation hearing is Thursday, has pitched his economic plan as “3-3-3.” No, it’s not the diet version of Herman Cain’s “9-9-9” (for those old enough to ...

Top advisers have sent President Trump a plan to create a government-run investment fund, a request the president made earlier this year — but the White House has rejected parts of the proposal ...

There’s “varying scoring” of the tax bill, Bessent said in answering questions at a Senate Finance Committee hearing Thursday. “It is my view that over the 10-year window, it will decrease.” ...

Yet Bessent retained the Yellen team’s plan for debt issuance earlier this month. Asked about his past comments, Bessent said Thursday “the previous administration shortened some of the ...

US Treasury Secretary Scott Bessent said Tuesday that tariffs are a crucial part of President Donald Trump’s economic strategy, asserting that they can be a source of government revenue to help ...

Despite Mr. Bessent’s calls for investors to take a longer-term view on the U.S. economy, executives at the Milken Institute gathering made clear that the tariffs were taking a real toll.

Importantly, Bessent has tried to frame the Trump economic agenda as one of prosperity and abundance. The president himself has begun to talk about sacrifice and scarcity, which tends to be a ...