Scott Bessent Says How Much Economic Growth Is Needed For The U.S. To Grow Its Way Out Of Its Debt Trap

Treasury Secretary Scott Bessent said the U.S. can grow its way out of debt with 3% yearly growth. (Credit: Getty Images)

Treasury Secretary Scott Bessent said the U.S. can grow its way out of debt with 3% yearly growth.

"We don't have a revenue problem. We have a spending problem," Bessent said on Tuesday in Dallas. He added that the combination of contained spending and 3% growth can put the U.S. on a more sustainable path to rein in on debt spending.