Treasury Secretary Payet says that Trump goes beyond the financial crisis

Treasury Secretary Scott Bessin said on Sunday that the Trump administration focused on preventing a financial crisis that could be the result of huge government spending over the past few years.

“What I can guarantee was that we could have had a financial crisis. I studied it, taught it, and if we continue to do so these levels of spending – everything is not sustainable,” Pisent said in “The Press Meeting”. “We are reseting, and we put things on a sustainable path.”

president Donald Trump He has made the government’s financial house for priority since he took office. Invented the so -called Ministry of Governmental efficiency, led by Elon MuskTo lead functional cuts and early retirement incentives across many federal agencies.

However, the debts of the United States and the problem of deficit worsened During the first month of Trump in his post, the budget deficit for the month of February approved a trillion dollar sign.

Bessent indicated that “there are no guarantees” will not be a recession.

The market was on a loud journey late like Trump Widespread Fears about inflation and economic slowdown. The S&P 500 fell on Thursday in a 10 % correction of its highest level in February, when the fluctuation rose.

BESSENT believes that the declining operations such as those in the market are now benign, and Trump’s pro -business policies will increase the long -term market and economy.

“I have been in investment for 35 years, and I can tell you that the corrections are healthy. It is normal,” he said. “What is unhealthy is straight, and to get these exhausted markets. This is how you get a financial crisis. It was better for someone to have put the brakes in ’06, ’07. We will not face problems at ’08.”

“I am not concerned about the markets. In the long run, if we put a good tax policy in place, and to cancel organizational restrictions and energy security, the markets will work wonderfully.” “I say that one week does not make the market.”