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Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis

The article from MSN Money discusses comments made by Treasury Secretary Bessent, who warns that the White House's current economic policies are steering the country towards a "guaranteed financial crisis." Bessent criticizes the administration's approach to spending, inflation, and debt management, suggesting that without significant changes, the U.S. could face severe economic repercussions. He highlights the unsustainable trajectory of the national debt, the potential for rising interest rates to exacerbate the debt burden, and the lack of a coherent strategy to address these issues. Bessent's remarks come at a time when economic indicators are showing signs of strain, with inflation rates higher than anticipated and concerns about the stability of financial markets. He urges for immediate policy adjustments to avert what he sees as an impending economic disaster.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/money/markets/treasury-secretary-bessent-says-white-house-is-heading-offy-guaranteed-financial-crisis/ar-AA1B1WDf ]