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US media: US Treasury Secretary nominee Bessent’s core agenda is “3/3/3”
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2024-11-26 07:02:01 5,518
Golden Finance reported that AXIOS website analyzed the "3/3/3" policy guidelines of US Treasury Secretary nominee Scott Bessant's core economic agenda, which is to reduce the budget deficit to 3% of GDP and achieve an annual economic growth of 3%. rate and increase domestic oil production by 3 million barrels per day. Currently, the U.S. deficit will remain between 6% and 7% of GDP in the next few years, forming an upward spiral trend that may bring the risk of sharp rises in interest rates, so the first agenda will make the "deficit Hawk" is satisfied. In terms of the second agenda, the United States has achieved growth of around 3% for a long time in its history, but this goal may conflict with Trump's policy of restricting immigration. On the third agenda item, U.S. oil production is already around 13 million barrels per day, and the market is oversupplied. Energy executives have questioned the geological rationality of further significant increases in production.
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