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U.S. Treasury's Bessent Says At Deficit-To-GDP Ratio Of 3%, We Can Start To Pay Down Debt; We Would Have Continued Fiscal Contraction This Year If Not For Tariff Redfunds
The article says Brent crude has again moved above $100 after the latest military action. It also cites renewed concerns over Gulf supply, strategic reserve drawdowns and rerouted flows.
Treasury Secretary Scott Bessent defends the administration's aggressive trade policies and unveils a '3 through 3' economic blueprint to sustain high GDP growth while neutralizing structural inflation