Treasury Secretary Scott Bessent argued on Friday that the country’s massive debt can be controlled by growing the U.S. economy.
Bessent addressed concerns over President Donald Trump’s “Big, Beautiful Bill” adding to the national deficit during a segment with Fox News host Bill Hemmer. A Congressional Budget Office report released earlier this week said the Republican bill passed by the House on early Thursday morning will add $3.8 trillion to the deficit over the next decade. The national debt is rapidly approaching $37 trillion as the federal deficit currently sits at over $2 trillion.
“We think that we can both grow the economy and control the debt,” Bessent said. “And what’s important, Bill, is that the economy grows faster than the debt.”
He added that Americans should focus on the debt-to-GDP ratio “because we can grow our way out of this.” In December, U.S….
