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International Business Times UK
International Business Times UK
Politics
Akshay Puri

Trump Gives Scott Bessent More Power as Treasury Officials Quit and Economic Goals Miss Targets

Bessent’s management style draws scrutiny as allies defend his results-driven approach. (Credit: NBC News/YouTube)

Scott Bessent is facing mounting pressure at the US Treasury after seven Senate-confirmed senior officials left the department by late August, while his signature 3-3-3 economic plan remains well short of its targets for growth, the deficit, and oil production.

The turnover is unusually high compared with previous administrations and comes as current and former officials describe tensions over Bessent's management style. At the same time, rising borrowing costs, a growing national debt, and economic targets that remain out of reach are adding to the scrutiny.

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