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EconomyBessent’s Murky Deficit Plan Faces Grim Prospects in Congress

Treasury Secretary Scott Bessent’s promised deficit-reduction plan, expected in the coming days, is set to confront a stark obstacle: there is no indication that the Republican-controlled Congress will deliver any net budget cuts this year.

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People in this report Scott Bessent

BBloomberg News★★★☆☆2026-08-25 01:00Original

Bessent’s Murky Deficit Plan Faces Grim Prospects in Congress
Bessent’s Murky Deficit Plan Faces Grim Prospects in CongressEconomy