Bessent Predicts US Budget Deficit Nearing 7% This Year

 Treasury Secretary Scott Bessent said the US is suffering from "the biggest blow out for the deficit in history," and blamed Democrats for the current tax year budget deficit coming in between 6.5% and 6.7%. Bessent spoke during an exchange with Rep. Richard Neal, a Democrat from Massachusetts, before the House Ways and Means Committee on Wednesday.

https://finance.yahoo.com/video/bessent-predicts-us-budget-deficit-153911080.html