Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession

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  Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’

  The Treasury Secretary says that “access to cheap goods isn’t the essence of the American Dream.” But being profitable to grow and sustain a business is.
  
  Inc. - 6d

• Treasury Secretary Bessent says economy could be 'starting to roll a little bit'

  President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."
  
  CNBC - Mar. 7

• Treasury Secretary Scott Bessent "not concerned" about market volatility

  Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings ...
  
  CBS News - 17h
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  White House says U.S. is in 'period of economic transition' amid recession fears

  White House press secretary Karoline Leavitt told reporters that the U.S. economy was in a "period of economic transition" and criticized the economic policies of the Biden administration amid ...
  
  NBC News - 2d

• Treasury Secretary Bessent says he’s not concerned about the current stock market volatility

  Bessent downplays signals of weak first-quarter economic growth
  
  MarketWatch - 1d

• U.S. economy on shaky footing, Trump calls it a "detox period"

  The U.S. economy is on shaky footing. The Trump administration calls it a "detox period" as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it's ...
  
  CBS News - 5d

• Treasury Secretary Bessent said the White House is focused on the 'real economy' and not concerned about 'a little' market volatility

  essent said the administration is attentive to market moves, he predicted that both the economy and markets would prosper over time.
  
  CNBC - 23h

• Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies

  Mnuchin, who served under Trump in the Republican's first term in office, said does not see signs of an imminent slowdown for the U.S. economy.
  
  CNBC - 2d

• Treasury yields end lower as tariff fight intensifies and government shutdown looms

  Bond yields finished lower Thursday, as investors faced the prospect of a potential U.S. government shutdown and Treasury Secretary Scott Bessent said the White House was more focused on the ...
  
  MarketWatch - 20h

More from CNBC

• U.S. consumers are starting to crack as tariffs add to inflation, recession concerns

  Airline and retail executives are bracing for a slowdown in demand amid concerns tariffs will cut down consumer spending.
  
  CNBC - 46m

• Trump says 'very good chance' of Ukraine ceasefire while Russia keeps caveats

  Russia struck a sedate tone on Friday but acknowledged grounds for cautious optimism, after only backing the "idea" of a U.S. brokered 30-day ceasefire with firm caveats.
  
  CNBC - 2h

• Shares of DocuSign surge 14% on strong earnings, AI boost

  CEO Allan Thygesen said the company has "started to turn the corner on the core business."
  
  CNBC - 2h

• U.S. stock market loses $5 trillion in value in three weeks

  The S&P 500 has fallen more than 10% from its record high, entering a correction and shedding trillions of dollars in market value.
  
  CNBC - 1h

• Treasury yields rise as expectations for more inflation increase

  U.S. Treasury yields rose on Friday as investors awaited consumer sentiment data and were relieved after tame inflation data this week.
  
  CNBC - 44m

More in Business

• Oil edges higher as tighter U.S. sanctions on Iran, Russia may disrupt global supplies

  Oil futures inched higher on Friday, as news of tighter U.S. sanctions on Iran and Russia had the potential to disrupt global crude supplies.
  
  MarketWatch - 19m

• ‘It’s been a scary ride’: My family has $800K in stocks. We lost 2 years of market gains in a few weeks. Do we sell — or buy?

  “I’m considering encouraging my family to liquidate part of their real-estate holdings to further invest in equities.”
  
  MarketWatch - 22m

• Intel is the best chip stock this year in a surprising reversal

  No one is expecting a miracle overnight. But investors and analysts are applauding the possibilities brought about by new Intel CEO Lip-Bu Tan.
  
  MarketWatch - 23m

• The U.S.-Canada trade war could signal a shift in economic ties, experts say

  The U.S.-Canada trade war could shift economic ties as tariffs rise and tensions grow, raising concerns about future trade stability, experts say.
  
  CNBC - 23m
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  Germany’s Merz agrees spending deal with Greens

  Agreement paves way for flagship defence and infrastructure package to be adopted by parliament next week
  
  Financial Times - 31m