Vice President JD Vance reveals Treasury Secretary Scott Bessent’s quiet plan to tackle the $40 trillion national debt: grow the economy faster than the debt itself—a strategy Vance says is already on track. Bessent clarifies that some debt growth is temporary, tied to tariff refunds from a Supreme Court ruling, while the administration pivots to maintain tariffs under a different trade law section, aiming for 2026 tariff revenue to match 2025 levels. He also pushes back against deficit misinformation, stressing that economic growth outpacing debt accumulation remains the key to fiscal health.
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