00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Treasury Secretary Scott Bessett said the U.S. was not at risk of a 2026 recession
00:06and predicted Americans would soon feel the benefit of Trump's economic policies,
00:10according to CNBC. In an interview with NBC's Meet the Press, Bessett said key elements of
00:15the One Big Beautiful Bill Act are still rolling out and have not yet shown up in the economy.
00:20The law makes Trump's 2017 tax cuts permanent and adds new breaks for seniors, tip income,
00:26overtime pay, and auto loans. He acknowledged weakness in housing and rate-sensitive sectors
00:30and said lower energy prices will help ease inflation. A recent NBC poll found that most
00:35voters say the administration has fallen short on the economy, while J.P. Morgan reporting
00:39confidence varies widely by income level. For all things money, visit Benzinga.com.
Comments