US Treasury Secretary Projects 3.5% Economic Growth in 2026
US Treasury Secretary Scott Bessent announced during a Wall Street Journal Opinion Live event in Washington that the fundamentals of the US economy remain strong. He projected that economic growth could reach or exceed 3.5 percent in 2026. Bessent further discussed trade policy, noting that US tariffs previously imposed on other countries may return to former levels by July. This adjustment follows a February Supreme Court decision which ruled that former President Donald Trump exceeded his authority under emergency law when imposing broad global tariffs. The Secretary's statements highlight anticipated economic performance for the year and signal potential changes in... [Continue Reading]
Breaking-360LiveNews | 15 Apr 2026 03:30 LONDON
US Treasury Secretary defends short-term economic pain for long-term security amid Iran war
US Treasury Secretary Scott Bessent has stated that the economic downturn caused by the ongoing US-Israel conflict with Iran is a necessary sacrifice to prevent the threat of Iranian nuclear strikes on Western capitals.Bessent emphasized that while the global economy faces challenges, the long-term security benefits outweigh the short-term economic costs.The International Monetary Fund (IMF) has warned that the war could push the global economy into recession, with global growth potentially falling below 2% in 2026 if oil, gas, and food prices spike and remain high.Despite these warnings, Bessent expressed confidence that the US and Israeli military actions have reduced... [Continue Reading]
360LiveNews | 14 Apr 2026 19:33 LONDON
