U.S. Treasury Secretary Scott Bessent on Tuesday argued that 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.

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.