Keep pulling the thread on Scott Bessent.
The Trump administration's goal is to reduce the US federal deficit to its long-term average of 3% to 3.5% of GDP by 2028.
US federal government spending under the Biden administration increased to 25% of GDP, compared to a historical average of 21-21.5%, while revenues remained near the 18% average.
The US federal government's annual interest payments on its debt have reached $1.2 trillion.
The Trump administration plans to use tariffs to reorder the international trading system and encourage the onshoring of manufacturing jobs.
The administration's economic model projects that tax cuts and deregulation will raise the US trend GDP growth rate from 1.8% to 3% or higher.
The Trump administration is re-examining all bank regulations, including capital requirements for holding US Treasury bills.
Removing the supplementary leverage ratio (SLR) for banks could lower US Treasury bill yields by 30 to 70 basis points.
Approximately $9 to $10 trillion of US Treasury debt is scheduled to be refinanced within the next nine months.
The Department of Government Efficiency (DOGE) is a commission led by business executives Howard Lutnik, Doug Burgum, and Elon Musk to identify federal cost-cutting opportunities.
The Trump administration plans to create a US sovereign wealth fund to hold and grow assets for the American people.
The Trump administration has designated Mexican drug cartels as foreign terrorist organizations.
In September 1992, the Soros Fund's bet against the British pound was based on the thesis that the Bank of England could not sustainably raise interest rates to defend its currency peg because it would bankrupt homeowners with floating-rate mortgages.