Bessent says 3% fiscal deficit target is key to U.S. debt trajectory

  • Bessent said the United States could begin paying down its national debt.
  • 3% of GDP is the fiscal deficit threshold Bessent linked to debt repayment.
  • Bessent discussed six months of artificial intelligence and cybersecurity coordination.

U.S. Treasury Secretary Scott Bessent said the United States could begin paying down its national debt once the fiscal deficit reaches 3% of gross domestic product. BlockBeats reported the remarks on September 15. Bessent also said six months of coordination had taken place on artificial intelligence and cybersecurity, while large banks showed strong cyber resilience.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.