WASHINGTON — Treasury Secretary Scott Bessent told Breitbart News exclusively that President Donald Trump’s administration is “laser-focused” on cutting the deficit and getting spending “under control,” part of his larger vision of “reprivatization” of the U.S. economy so economic growth is no longer dependent on government spending but instead on private sector growth. Bessent said he joined Trump on the campaign trail last year and later joined his cabinet because he was “so alarmed” by the “high level of government spending” that had taken hold in recent years.
Bessent delivered a major address to the Economic Club of New York last week in which he called for a “reprivatization” of the U.S. economy, arguing that under former President Joe Biden’s administration, the economy was far too dependent on government spending for economic growth and that moving forward, the United States needs the private sector to instead drive such growth.
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