Secretary Bessent on ‘reprivatization’ of economy: ‘We are laser-focused on getting this deficit under control’
Treasury Secretary Scott Bessent told Breitbart News exclusively that President Donald Trump’s administration is “laser-focused” on cutting the deficit and getting spending “under control,” part of his larger vision of “reprivatization” of the U.S. economy so economic growth is no longer dependent on government spending but instead on private sector growth. Bessent said he joined Trump on the campaign trail last year and later joined his cabinet because he was “so alarmed” by the “high level of government spending” that had taken hold in recent years.