Skip to content
Sign In Subscribe
Economy — Politics

Treasury Secretary Says US GDP Could Top 3% Before Year-End

Bessent said the underlying economy remains strong and suggested growth could return to levels beginning with a “three” in 2026.

,   and  TIPP Staff
2 min read
Treasury Secretary Scott Bessent

Treasury Secretary Scott Bessent expressed confidence that the U.S. economy can return to a 3% growth rate before the end of the year, despite recent economic headwinds.

Speaking on CNBC’s Squawk Box, Bessent said the underlying economy remains strong and suggested growth could once again accelerate as geopolitical tensions ease.

📊
According to Bessent, the Trump administration remains committed to its "3-3-3" economic agenda: achieving 3% GDP growth, reducing the deficit-to-GDP ratio to 3%, and increasing domestic oil production by three million barrels per day.

The report noted that U.S. economic growth slowed to an annualized 1.6% in the first quarter after expanding just 0.5% in the final quarter of 2025. Inflation pressures, a softer labor market, and the impact of tariffs weighed on activity.

Bessent also said progress on deficit reduction remains achievable during President Donald Trump’s term, while expressing confidence in incoming Federal Reserve Chairman Kevin Warsh’s leadership on monetary policy.

Related Tweet:

Also Read:

How Could The New Housing Bill Lower Home Prices
The bill would prohibit corporate investors from purchasing single-family homes, although a stricter proposal requiring investors to sell newly built homes within seven years was removed during negotiations.
tippinsightsTIPP Staff
Iran Oil Exports Set For Boost After Sweeping US Sanctions Relief
The exemption allows Iran to produce, sell and receive payments for crude oil, petroleum products and petrochemicals in U.S. dollars through August 21.
tippinsightsTIPP Staff

Comments

Related

Latest