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Bessent says tariff revenue could help pay down the nation's $37.2T debt

On HALO

11 months ago

Treasury Secretary Scott Bessent said Tuesday that the Trump administration is weighing plans to apply part of the tariff revenue toward lowering the national debt."I think at a point we're going to be able to do it," Bessent said during an interview with CNBC, adding that he and President Donald Trump were "laser-focused on paying down the debt."TRUMP CALLS TARIFF WINDFALL 'SO BEAUTIFUL TO SEE' AS CASH SAILS IN"I think that we're going to bring down the deficit-to-GDP, we will start paying down debt, and then at a point that can be used as an offset for the American people," he said. The nati...

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11 months ago
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