politics / policies
3 hours ago

Trump's Treasury Pick Scott Bessent Faces Scrutiny Over Economic Proposals

Trump's Treasury Pick Scott Bessent Faces Scrutiny Over Economic Proposals
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7 Highlights
  • Scott Bessent nominated as Treasury Secretary by Trump.
  • Bessent's '3-3-3' plan criticized for unrealistic economic targets.
  • Plan aims to boost U.S. oil production and 3% GDP growth.
  • Critics doubt plan's feasibility given demographic challenges.
  • Proposed spending cuts deemed 'breathtaking' for plan's success.
  • Bessent supports extending 2017 tax cuts to prevent $4 trillion hike.
  • Bessent advocates increased sanctions on Russia and Iran.
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