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Bessent says tariff revenue could help pay down the nation's $37.2T debt

On HALO

2 hours ago

Treasury Secretary Scott Bessent said Tuesday that the Trump administration is weighing plans to apply part of the tariff revenue toward lowering the national debt."I think at a point we're going to be able to do it," Bessent said during an interview with CNBC, adding that he and President Donald Trump were "laser-focused on paying down the debt."TRUMP CALLS TARIFF WINDFALL 'SO BEAUTIFUL TO SEE' AS CASH SAILS IN"I think that we're going to bring down the deficit-to-GDP, we will start paying down debt, and then at a point that can be used as an offset for the American people," he said. The nati...

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