Fiscal hawks skeptical of Bessent’s claim that US can ‘grow our way out’ of $40 trillion debt

Fiscal hawks are skeptical of Treasury Secretary Scott Bessent’s claim that the United States can grow its way out of its $40 trillion of debt, absent other reforms. Last week, the U.S. national debt hit $40 trillion, sending yields on long-term Treasury securities to multiyear highs. Bessent said in an interview that there is “nothing […]