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Scott Bessent: “We had a fiscal contraction for fiscal year 2025.”

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

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Bessent: This was Iran's BIG mistake

Published | Video Starts at 12:06

I'll tell you Maria, what we got to do, we got to get the short term in order before we get the long term in order so that We had a fiscal contraction for fiscal year 2025. that when I got to treasury that the year before we had had the worst budget deficit when we weren't in war, were In a recession, 6.7% of GDP we brought that down to about 5.5, 5.4%. (12:06–12:11)

CLAIM

Asserts that there was a fiscal contraction for fiscal year 2025.

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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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