Bessent Says U.S. Can Grow Its Way Out of $40 Trillion Debt

Washington, D.C. — The U.S. national debt has crossed $40 trillion for the first time, prompting Treasury Secretary Scott Bessent to argue that stronger economic growth can make the burden more manageable without focusing solely on the headline figure. “There’s nothing magic about the $40 trillion number, and we can grow our way out of that,” Bessent told CNBC on Thursday. He argued that debt and…