U.S. Treasury Secretary Scott Bessent on Tuesday argued the U.S. economy is more fragile under the surface than economic metrics suggest and vowed to "re-privatize" growth by cutting government spending and regulation.

Treasury Secretary Scott Bessent commented on concerns that DOGE firing thousands of government workers could trigger a recession, during an interview this morning with Maria Bartiromo on FNC's "Sunday Morning Futures.

US Treasury Secretary Scott Bessent will address the inaugural Australian Super Summit in Washington this week in a diplomatic win for Australia, as the Albanese government works to leverage Sydney as the next financial services centre for the Indo-Pacific region.

U.S. Treasury Secretary Scott Bessent on Tuesday argued that the U.S. economy is more fragile under the surface than economic metrics suggest, citing interest rate volatility, sticky inflation and job growth focused on the government sector.

Treasury secretary Scott Bessent said the U.S. private sector has been in a recession and placed blame on the Biden administration agenda. The big picture: In a wide-ranging speech, the Treasury secretary said the Trump administration was looking to reverse what he characterized as huge government spending that came at the expense of the private sector.