Treasury Secretary Predicts No Recession for 2026
Treasury Secretary Scott Bessent recently expressed confidence in the U.S. economy, dismissing concerns about a recession in 2026. During his appearance on NBC’s “Meet the Press,” he highlighted his optimism for economic growth following President Donald Trump’s policies.
Economic Outlook for 2026
Bessent stated, “I am very, very optimistic on 2026.” He emphasized that the Trump administration’s tariff agenda and trade deals are expected to yield significant economic relief for Americans. He commented, “We have set the table for a very strong, noninflationary growth economy.”
Healthcare and Economic Pressures
The treasury secretary mentioned that healthcare costs are anticipated to decrease. He indicated that the administration would have positive updates regarding healthcare developments in the upcoming week. However, he also acknowledged existing pressures in specific sectors of the economy, particularly in housing and interest rate-sensitive markets.
- Housing sector experiencing struggles.
- Interest rate-sensitive sectors showing signs of recession.
- Long government shutdown contributing to economic strain.
Public Sentiment and Legislative Efforts
An NBC News poll suggested that approximately two-thirds of registered voters believe the Trump administration has not adequately addressed economic issues and rising living costs. Despite this, Bessent pointed to the GOP’s major domestic policy package, termed the “big, beautiful bill,” as a positive sign for future economic growth.
Bessent also highlighted the importance of President Trump’s peace deals and tax reforms. He stated, “All components of that legislation are kicking in,” reinforcing his belief in the economic strengthening expected in 2026.
Filibuster Discussion and Bipartisan Challenges
On another note, Bessent published an opinion piece in The Washington Post advocating for the abolition of the Senate filibuster. He criticized its effectiveness, arguing that it no longer benefits the country. He suggested that if Democrats were to shut down the government again, Republicans should be prepared to eliminate the filibuster.
Committee on Military Orders and International Relations
Bessent condemned Democratic lawmakers who encouraged military personnel to refuse illegal orders from the administration. He referred to their actions as gross negligence, reinforcing the necessity of maintaining the chain of command in military operations.
Additionally, he addressed ongoing peace negotiations between Russia and Ukraine. While he expressed support for a proposed 28-point peace deal backed by the U.S., he recognized concerns from various stakeholders about the potential advantages it could present to Russia.
In closing, Bessent highlighted the necessity of collaborative decision-making with Ukrainian leaders, underlining that Trump is focused on fostering peace through effective negotiations.
