U.S. deficit-to-GDP contracted in government's FY26, Bessent says
· seekingalpha.com
Treasury Sec. Bessent says deficit-to-GDP fell to ~5.7% in FY2026, signals fiscal consolidation and global reforms.
The U.S. deficit-to-GDP level declined to 5.7%-5.8% for the fiscal year 2026 from the “astounding level” of ~6.3% that the Trump administration inherited fr...