Scott Bessent Says America's 'K-Shaped' Economy Is Dead, But Robert Reich Fires Back With a McDonald's Warning: 'Very Much Alive, Even CEOs are Admitting It's a Problem'

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Treasury Secretary Scott Bessent says the U.S. economy is moving beyond the K-shaped divide, but economists and corporate leaders continue to offer mixed views on the health of American consumers.

Bessent said in a CNBC "Squawk Box" interview last week that the "K-shaped" economy is over and that a "C-economy" is emerging, with lower-income workers beginning to regain ground.