Treasury Secretary Scott Bessent Unveils 3-3-3 Economic Framework

Scott Bessent, the Treasury Secretary of the United States, introduced the 3-3-3 economic framework to stabilize and reduce the national debt relative to the gross domestic product by 2028.

The strategic plan establishes three primary targets to achieve fiscal stability. These include maintaining an average annual real GDP growth rate of 3% and lowering the federal budget deficit to 3% of GDP.

Additionally, the framework calls for an increase in domestic daily oil or equivalent energy production by 3 million barrels to support the broader economic goals.