Bessent Lays Out Big Problem: CBO's Cost Scoring of 'Big Beautiful Bill'

Bessent Lays Out Big Problem: CBO’s Cost Scoring of ‘Big Beautiful Bill’


Treasury Secretary Scott Bessent took issue with the Congressional Budget Office’s scoring of the “One Big Beautiful Bill,” which projects the legislation will worsen the nation’s fiscal situation.

Fox News host Bill Hemmer asked Bessent Friday, “This bill adds trillions to our debt. How is that acceptable to this administration?”

“You’re referring to the CBO scoring, I believe, which is 10-year scoring, and it’s D.C.-style scoring,” the treasury secretary responded.

Trending: Now It All Makes Sense: Tapper Lets It Slip That Coming Clean on Biden Is Really About Getting Trump

The Washington Post reported that the CBO forecast that the Big Beautiful Bill will add $2.4 trillion to the debt over the next 10 years, on top of the current annual deficits forecast.

However, Bessent contended, “We think we can grow the economy and control the debt. And what’s important, Bill, is that our economy

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!