Treasury Secretary Scott Bessent says the economy may slow as part of a ‘detox’ from government spending

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• Treasury Secretary Scott Bessent said the U.S. economy may be “starting to roll a bit,” as data suggests last year’s red-hot economy is slowing. Bessent said the Trump administration’s moves to transition the economy to one that emphasizes private spending over public spending may require a “detox” period. 

Treasury Secretary Scott Bessent said the U.S. economy may slow as part of a “detox” due to cutbacks on government spending.