What Treasury Secretary Scott Bessent said at the Milken event (and how his critics responded)

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What Treasury Secretary Scott Bessent said at the Milken event (and how his critics responded)

//travel-leisure.news-articles.net/content/2025/ .. -milken-event-and-how-his-critics-responded.html

Published in Travel and Leisure on Tuesday, May 6th 2025 at 5:46 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
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Treasury Secretary Scott Bessent, speaking at the Milken Institute Global Conference, emphasized the importance of fiscal responsibility and the need for structural reforms to address the U.S. national debt, which he described as a "ticking time bomb." He criticized previous administrations for their spending habits and stressed the urgency of bipartisan efforts to curb the debt. Bessent's remarks drew mixed reactions; while some praised his candid approach and call for action, critics, including Democratic lawmakers and economic analysts, accused him of oversimplifying complex economic issues and ignoring the potential negative impacts of austerity measures on vulnerable populations. They also pointed out that his proposed solutions lacked specific details and failed to address the role of tax policies in managing the national debt.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/06/treasury-secretary-scott-bessent-milken-event-and-how-his-critics-responded/ ]