U.S. Treasury Secretary Scott Bessent highlighted the underlying weaknesses in the U.S. economy, criticizing past government overspending and regulation. He advocated for 're-privatizing' growth by boosting private sector participation,

U.S. Treasury Secretary Scott Bessent on Tuesday argued that the U.S. economy is more fragile under the surface than economic metrics suggest, citing interest rate volatility, sticky inflation and job growth focused on the government sector.