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Scott Bessent: “The budget deficit is approximately 1.8 trillion.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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LIVE: White House press briefing with Scott Bessent

Published | Video Starts at 16:04

Mr. The GAO numbers, not my numbers, believe that there's about 500 billion a year of fraud. So could we very quickly get 250 billion billion of that? The budget deficit is approximately 1.8 trillion. So that would reduce the deficit substantially. If we could get that 500 billion number, you know, I think it would engender confidence. You'd probably also go into a virtue virtuous cycle. (16:04–16:09)

CLAIM

Asserts that the budget deficit is approximately $1.8 trillion.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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