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Treasury’s Quiet Debt Strategy | Salt Lake City News
Treasury Secretary Scott Bessent’s secret plan to tackle the $40 trillion debt hinges on growing the economy faster than the debt—something VP JD Vance says we’re already on track for, blaming past policies for the “debt bomb.” The strategy relies on maintaining steady tariff revenue, even after Supreme Court rulings forced refunds on Trump-era tariffs. U.S. Trade Representative Jamieson Greer is tasked with keeping those tariffs intact, ensuring consistent income while economic growth offsets the ballooning deficit. It’s a high-stakes gamble: manage trade and growth carefully enough, and the…
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