Treasury Secretary Scott Bessent, appearing in an interview on CNBC, said: "The market and the economy have become hooked, become addicted, to excessive government spending, and there’s going to be a detox period." Watch the video below:
Scott Bessent on CNBC:
— Geiger Capital (@Geiger_Capital) March 7, 2025
“The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.” pic.twitter.com/rte8U1nFUd