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Scott Bessent on Trump Accounts, China Risk and the Fight to Stabilize the Economy
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- Treasury Secretary Scott Bessent says tax, trade, energy and regulatory certainty are helping stabilize the U.S. economy, while arguing that inflation expectations remain contained despite higher energy prices. - Bessent says economic security and national security are now inseparable, with Treasury spending major time on China, Iran, supply chains and critical industries. - He says the administration is preparing a new fiscal consolidation plan aimed at reducing deficits and bending the debt curve through spending restraint and stronger economic growth. - Bessent details efforts to reduce U.S. dependence on China for semiconductors, critical minerals and pharmaceuticals, including…