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CBO director warns faster growth is unlikely to rein in US federal debt

Bloomberg reports that Treasury Secretary Scott Bessent champions faster economic growth as a way to rein in US federal debt.

1 Source, 2h ago, first seen 2h ago

TLDR

Congressional Budget Office Director Phillip Swagel warned that faster economic growth is unlikely to work as a solution for reining in US federal debt, Bloomberg reports. Treasury Secretary Scott Bessent champions that approach.

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