U.S. deficit-to-GDP contracted in government's FY26, Bessent says
The U.S. deficit-to-GDP level declined to 5.7%-5.8% for the fiscal year 2026 from the “astounding level” of ~6.3% that the Trump administration inherited from the prior administration, U.S. Treasury Secretary Scott Bessent said Tuesday."We would have continued that fiscal contraction this year but…