PERSPECTA

News from every angle

bloomberg

Bessent’s Murky Deficit Plan Faces Grim Prospects in Congress

By Erik Wasson, Steven T. Dennis, Caitlin Reilly and Yash Roy

Treasury Secretary Scott Bessent’s promised deficit reduction plan due in the coming days will plow headlong into a stark reality: there is no sign the Republican-controlled Congress is going to make any net budget cuts this year.