Bessent says earnings growth for workers at 25th percentile outpacing overall wage growth
“A familiar act of mainstream media sophistry: work backward from a partisan verdict and then call the result analysis. The truth is wages are up for Americans across the distribution, but importantly earnings growth for Main Street workers at the 25th earnings percentile was https://t.co/EggVS98OwC”
Bessent says Working Families Tax Cuts created certainty for private-sector growth at Vermeer facility
“President Trump’s Working Families Tax Cuts created the certainty and conditions necessary for durable, private-sector growth. Great to join @RepMMM and @ShopfloorNAM at the @VermeerCorp facility in Pella, Iowa to hear directly from farmers and manufacturers how America First https://t.co/JxhnliSRJB”
Bessent says goal is returning G20 to core mission of achieving better global growth
“We want to bring the G20 back to its core mission. That mission is talking about what countries can do, what economies can do, and how we can band together to achieve better global growth. Our message to our allies and our trading partners is that global growth is the way to take https://t.co/AwLznWcqHL”
Bessent says at G20 in Asheville they will discuss US growth strategy and encourage other countries to adopt it.
“as I talked about at at g twenty in Asheville, we're going to talk about The US growth strategy and encourage the rest of the world to come along with us.”
Bessent claims the Treasury can reduce debt through economic growth, a statement that financial markets received skeptically.
“The long bond buyback was perceived as somewhat farcical by the financial community, and when he went on to opine that we could grow our way out of the debt, I’m sure he knows better than that. I don’t think he’s thrown away his reputation but as headlines in the past 24 hours have been indicating, Wall Street, like Queen Victoria, is not amused.”