Trump Aims to Prevent Financial Crisis
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US Politics
Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis
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Treasury Secretary Scott Bessent says the U.S. debt and deficit problem worsened during Trump 's first month in office.
He says there are "no guarantees" there won't be a recession.
The S&P 500 on Thursday fell into a 10% correction from its February high as volatility spiked.
Trump 's pro-business policies will boost the market and economy over the long run, he said.