Bessent’s Deficit Plan Faces Resistance

“Treasury Secretary Scott Bessent’s promised deficit reduction plan due in the coming days will plow headlong into a stark reality: there is no sign the Republican-controlled Congress is going to make any net budget cuts this year,” Bloomberg reports.

“House and Senate Republicans earlier this summer dropped plans to make hundreds of billions of dollars in spending cuts amid pushback from swing-district GOP lawmakers worried about voter backlash.”