Bessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked

U.S. Treasury Secretary Scott Bessent said there is a “very good chance” the U.S. budget deficit has already peaked under President Donald Trump. The statement signals potential improvement versus prior deficit expectations but provides no specific figures or timeline, keeping the outlook largely uncertain for markets.

Analysis

U.S. Treasury Secretary Scott Bessent said there is a “very good chance” the U.S. budget deficit has already peaked under President Donald Trump. The statement signals potential improvement versus prior deficit expectations but provides no specific figures or timeline, keeping the outlook largely uncertain for markets.