U.S. Treasury Secretary Scott Bessent on Tuesday argued the U.S. economy is more fragile under the surface than economic metrics suggest and vowed to "re-privatize" growth by cutting government spending and regulation.

Treasury Secretary Scott Bessent commented on concerns that DOGE firing thousands of government workers could trigger a recession, during an interview this morning with Maria Bartiromo on FNC's "Sunday Morning Futures.

US Treasury Secretary Scott Bessent will meet Australian Treasurer Jim Chalmers in Washington on Tuesday, where the long-time ally’s pitch for an exemption from tariffs will be part of the agenda.

Treasury secretary Scott Bessent said the U.S. private sector has been in a recession and placed blame on the Biden administration agenda. The big picture: In a wide-ranging speech, the Treasury secretary said the Trump administration was looking to reverse what he characterized as huge government spending that came at the expense of the private sector.