Treasury Secretary Bessent Says White House is Heading Off a ‘Guaranteed’ Financial Crisis

Treasury Secretary Scott Bessent said Sunday the Trump Administration is focused on Preventing a Financial Crisis that would be the result of Massive Government Spending Over the Past Few years.

“What I could guarantee is we would have had a financial crisis. I’ve studed it, I’ve tauckt it, and if we have had kept up at these spending levels that – EVERYTHINAble, EVERYTHINAble,” Bessent said on NBC’s “Meet the Press.” “We are resetting, and we are putting things on a sustainable path.”

Presiding Donald Trump Has made getting the government’s fiscal house in order a priority since taking office. He created the so-called department of government efficiency, LED by Elon muskTo spearhead job cuts and early retirement inventients across multiple federal agencies.

Still, The Us Debt and Deficit Problem Worsned DURING Trump’s First Month In Office, as the Budget Shortfall for Februry Passed The $ 1 Trillion Mark.

Bessent noted that there are “no guarantees” there won’t be a recession.

The market has been on a tumultuous ride as of late as trump’s Widespread Tarifs Raised Concerns About Inflation and Economic Slowdown. The S & P 500 on CHURSDAY Fell into A 10% Correction from its februry high as Volatily spiked.

Bessent beLieves pullbacks like the one the market is in right now are benign, and trump’s pro-business policies will live market and the economy over the long run.

“I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal,” He said. “What’s not healthy is straight up, that you get these euphoric markets. wouldn’t have had the problems in ’08. ‘

“I’m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great,” Bessent Added. “I say that one week does not the market make.”