Treasury secretary nominee Scott Bessent's '3-3-3' plan: What to know

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Treasury secretary nominee Scott Bessent's '3-3-3' plan: What to know
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President-elect Trump's nominee to serve as Treasury secretary, Scott Bessent, has a 3-3-3 plan that aims to curb budget deficits while spurring economic growth and energy production.

President-elect Trump's nominee to serve as Treasury secretary, Scott Bessent, has touted a "3-3-3" economic plan that would seek to reduce budget deficits while boosting growth and energy production. Bessent discussed the 3-3-3 plan this summer at an event hosted by the Manhattan Institute.

Bessent said Trump should tout a deficit reduction goal as part of the plan: "I would urge him to make public his desire to get the deficit down to 3% by the end of his term. He didn't get us to these 6% or 7% deficits. I think they averaged 4% under him, so get that down to 3%.

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