US Secretary of Treasury Scott Bessent listens as US President Donald Trump meets with New York Mayor-elect Zohran Mamdani in the Oval Office of the White House in Washington, DC, on November 21, 2025. Photo by Jim WATSON / AFP
Treasury Secretary Scott Bessent on Sunday said the government shutdown that ended earlier this month will not create a recession risk for the broader U.S. economy and American families would see “substantial refunds” next year.
In an interview with NBC’s “Meet the Press,” Bessent said that while portions of the U.S. economy such as housing were in a recession due to elevated interest rates, he did not expect the broader U.S. economy to plunge into a recession in the coming months.
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Original News Source Link – Epoch Times
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