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US Treasury Secretary Scott Bessent claims American economy has become ‘hooked’ and ‘addicted’ to excess government spending — warns of ‘detox period.’ 3 ways to ...
The impact of the ‘detox period’ may already be unfolding. At the end of 2024, government expenditures as a percentage of gross domestic product was 34%. However, despite the ... Read More
US economy goes into reverse from Trump’s abrupt policy shifts
The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses. Read More
Treasury Secretary Scott Bessent says the economy may slow as part of a ‘detox’ from government spending
Treasury Secretary Scott Bessent said the U.S. economy may slow as part of a “detox” due to cutbacks on government spending. In 2024, the stock market increased by an eye-popping 24% and GDP ... Read More
US Economy Contracts for First Time Since 2022 on Imports Surge
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects ... Read More
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