US Treasury Secretary Puts Global Economic Growth at Top of G20 Agenda
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Scott Bessent, the US Treasury Secretary, said on Thursday, August 20, that supporting global economic growth will be the top priority at the G20 finance ministers' meeting, which will be held in Asheville, North Carolina, from August 31 to September 1. In an interview with CNBC, Bessent said the message the United States is sending to its allies and trading partners is that global economic growth is the way to deal with this massive debt pile. He stressed that the world's leading economies, including China, Germany, Japan, and India, need to bring the G20 back to its core mission. Bessent also called for further economic deregulation and said the United States is actively pushing an American growth agenda to other parts of the world. The meeting is part of efforts to lay the groundwork for the leaders' summit later this year in Miami, Florida, which will be chaired by US President Donald Trump. During the live interview, Bessent said the United States continues to pursue a strong dollar policy. On the issue of war between the United States and Iran, he said the United States is prepared to impose the toughest sanctions in history on Iran and will hold a press conference on Monday, August 24, to provide further details.
