Treasury Secretary Scott Bessent has conveyed optimism about the U.S. economy's growth prospects for next year, despite a significant $11 billion hit due to the recent 43-day government shutdown. Speaking on NBC's "Meet the Press," Bessent pointed to easing interest rates and tax cuts as central pillars for economic recovery.

Bessent reiterated the administration's stance that the services economy, rather than President Trump's tariffs, is the primary driver of inflation. He anticipated that lower energy prices would lead to broader price decreases, while the administration continues to tackle inflationary pressures. This message comes amid concerns about affordability and Trump's declining approval ratings following Democratic electoral victories.

Despite data indicating a slowdown in f

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