AXIOS website analyzes the core economic agenda of Scott Benson, the nominee for the US Secretary of the Treasury, the '3/3/3' policy, which aims to reduce the budget deficit to 3% of GDP, achieve an annual growth rate of 3%, and increase domestic oil production by 3 million barrels per day. Currently, the US deficit will remain between 6% and 7% of GDP in the coming years, forming a spiral upward trend, which may bring significant risks of interest rate increase, so the first agenda will satisfy the 'deficit hawks'. In terms of the second agenda, the US has achieved a growth rate of around 3% for a long time in its history, but this goal may contradict Trump's policy of restricting immigration. As for the third agenda, the US daily oil production has already reached around 13 million barrels, and the market is oversupplied. Energy executives have questioned the geological feasibility of further substantial production increase.
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ABD medyası: ABD Hazine Bakanı adayı Bessant'ın ana gündemi "3/3/3"
AXIOS website analyzes the core economic agenda of Scott Benson, the nominee for the US Secretary of the Treasury, the '3/3/3' policy, which aims to reduce the budget deficit to 3% of GDP, achieve an annual growth rate of 3%, and increase domestic oil production by 3 million barrels per day. Currently, the US deficit will remain between 6% and 7% of GDP in the coming years, forming a spiral upward trend, which may bring significant risks of interest rate increase, so the first agenda will satisfy the 'deficit hawks'. In terms of the second agenda, the US has achieved a growth rate of around 3% for a long time in its history, but this goal may contradict Trump's policy of restricting immigration. As for the third agenda, the US daily oil production has already reached around 13 million barrels, and the market is oversupplied. Energy executives have questioned the geological feasibility of further substantial production increase.