Wall Street Journal reports Trump is increasingly relying on Treasury Secretary Bessent and has tasked him with tackling high borrowing costs, oil-driven stubborn inflation and rapidly accumulating government debt. A senior official who worked with Bessent said the burden of the president’s entire economic-policy agenda rests on the secretary.

2026-10-07

Wall Street Journal reports Trump is increasingly relying on Treasury Secretary Bessent and has tasked him with tackling high borrowing costs, oil-driven stubborn inflation and rapidly accumulating government debt. A senior official who worked with Bessent said the burden of the president’s entire economic-policy agenda rests on the secretary.