U.S. deficit

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X @The Wall Street Journal
The Wall Street Journal· 2025-06-29 19:34
How will President Trump’s “big, beautiful bill” affect Americans? 🎧 Listen: https://t.co/TFOHXdcRNwBarclays analyst Michael McLean explains the differing viewpoints between Washington and Wall Street and the role of a rising U.S. deficit. https://t.co/KYkzo7u6z4 ...
Bessent on U.S. deficit: “We did not get here overnight.”
Yahoo Finance· 2025-06-13 14:58
is we did not get here overnight. Uh I have gained about 10 lbs since inauguration. I'm not going to cut off my arm to get back to my January 20th weight.But we don't have a chance of returning to a balanced budget if we don't return to preandemic levels of spending. And I've laid out a number of options. Leave social security, Medicare, and interest as they are as you spend.But all their outlays, actual outlays, increase them by population growth and inflation. we literally would have a baseline spending s ...