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

CNBC · August 20, 2026 at 12:23 PM

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

Treasury Secretary Scott Bessent said Thursday that there's a "very good chance" of the U.S. has seen its budget deficit peak under President Donald Trump.

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

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