US Treasury Secretary Scott Bessent reported positive economic news to Congress, including the creation of 464,000 new jobs, renegotiations of 17 tariff deals, and no signs of recession. He emphasized stronger-than-expected job growth, cooling inflation, and the nearing completion of trade deals. Bessent credited Trump's tariff schedule and denied recession fears, suggesting possible GDP revisions and a potential economic recovery. Viewers are invited to share their opinions and follow Benzinga for updates.
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00:00464,000 new jobs, 17 tariff deals in motion, and no signs of recession?
00:06This is what U.S. Secretary of Treasury Scott Besant just dropped on Congress.
00:12Besant says the economy is stronger than you think.
00:15Job growth is outpacing forecasts.
00:17Inflation is cooling.
00:19And trade deals?
00:21They're closer than ever.
00:22The U.S. is renegotiating tariffs with 17 top trade partners.
00:26And Besant says most of them could be finalized by the end of the year, maybe even this week.
00:31He credits Trump's sweeping tariff schedule for the progress,
00:34even calling the uncertainty strategic.
00:37And when asked about a recession, he says the data doesn't show it,
00:40and GDP might get revised higher.
00:43Fair trade, more jobs, permanent tax cuts.
00:46Besant says the U.S. is set up for a Main Street comeback.
00:49Do you buy it, or do you think it's all political spin?
00:52Drop your take in the comments and follow Benzinga for real-time updates.