Breaking
Bessent Says US Could Start Paying Down Debt if Fiscal Deficit Falls to 3% of GDP
Minseung Kang
Summary
- U.S. Treasury Secretary Scott Bessent said the government could begin paying down its national debt if the fiscal deficit falls to 3% of gross domestic product (GDP).
- BlockBeats reported that Bessent said the government could start paying down its debt if the fiscal deficit reaches 3% of GDP.
- Bessent said reducing the fiscal deficit to 3% is the condition for beginning to pay down the national debt.
U.S. Treasury Secretary Scott Bessent said the government could begin paying down the national debt if the fiscal deficit declines to 3% of gross domestic product.
Crypto-focused media outlet BlockBeats reported on September 15 that Bessent said, "If the fiscal deficit reaches 3% of GDP, we can start paying down the debt."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.