How does Bescent reform the usa's finances?
On the morning of November 23rd peking time, Donald Trump finally nominated Scott Bessent as the Secretary of the Treasury, which may affect aspects such as tax cuts, trade, investment, regulation, and fiscal spending in the Trump 2.0 era. How will Bessent reorganize the federal government's finances and international balance of payments? Can he achieve the 3% deficit target (by 2028)?
Breaking through 36 trillion USD! After more than three months, the size of US government debt has once again reached a historic high.
1. The latest data released by the usa Treasury Department shows that as of last Friday, the scale of usa national debt has surpassed 36 trillion dollars, marking the first time in history it has crossed this level; 2. It took just over three months for the usa debt to increase from 35 trillion dollars to the current 36 trillion dollars, clearly indicating an acceleration in the growth rate.
US' Bessent: Policy Priority Will Be to Deliver on Trump's Various Tax-cut Pledges
"Treasury Secretary nominee" Yellen made her first statement: Policy focus will be on delivering tax cuts promise.
Bessent also stated that the focus will be on advancing tariff policies and reducing expenses while "maintaining the US dollar's position as the global reserve currency".
Does Trump also have "weaknesses"? U.S. stocks may be an important constraint factor!
If Trump ultimately hopes to see the U.S. stock market rise during his presidency, his campaign promises of massive tariffs and deporting immigrants may need to be toned down.
Federal Reserve officials discuss 'AI regulation': Don't act hastily!
① Federal Reserve Board member Bauman acknowledges the risks of ai, but warns that excessive regulation may limit technological development, distort competitive landscape. ② She points out that ai can improve efficiency, combat fraud, expand crediting in the financial sector, and may improve the quality of economic data, affecting monetary policy.