https://www.live-feeds.com/feed/bessent-says-trump-may-speed-deficit-cut-plans-if-democrats-winContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bessent-says-trump-may-speed-deficit-cut-plans-if-democrats-winhttps://www.live-feeds.com/feed/bessent-says-trump-may-speed-deficit-cut-plans-if-democrats-win#u64603Fri, 11 Sep 2026 03:11:47 +0000Treasury Secretary Scott Bessent is preparing a deficit reduction plan to be passed within the year if Democrats retake Congress. This strategy aims to lower the budget deficit-to-GDP ratio as the 12-month rolling deficit reached 1.8 trillion dollars in August 2026. Recent fiscal pressure includes a July budget deficit that hit a record high, the highest monthly level since March 2021, driven partly by tariff refunds reducing revenue. These moves come as bond markets react to fiscal uncertainty and a smaller-than-expected debt buyback operation.Why it mattersThe U.S. budget deficit currently s