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 said the U.S. private sector has been in a recession — putting the blame on the Biden administration's agenda. What they're saying: "Our goal is to reprivatize the economy,

Treasury Secretary Scott Bessent defended the so-called Department of Government Efficiency's mission to pare down the federal workforce and reduce government spending, according to media reports. The administration wants to make changes that will convince Americans that government agencies are "worthwhile,