Bessent’s Hopes for a 3% US Deficit Ratio Face Wartime Reality
The war in Iran and the Supreme Court’s tariff ruling have made Bessent’s deficit goal a mission impossible
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I’m Chris Anstey, a senior economics editor in Boston. Today we’re looking at Enda Curran’s reporting on the US fiscal outlook. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Treasury Secretary Scott Bessent regularly says he got out from behind his desk in the private sector to tackle the unsustainable path for US fiscal policy. The way things are going, critics might suggest he get back behind — or even under — it.