July 1, 2024campaign eventfiscal policyenergyeconomic policycampaign
Bessent introduces '3-3-3' economic framework in support of Trump campaign
Bessent publicly articulates his "3-3-3" economic framework in support of Donald Trump's 2024 presidential campaign. The three pillars are: achieve 3% real GDP growth through deregulation, reduce the federal deficit to 3% of GDP by 2028, and increase domestic oil production by 3 million barrels per day. Bessent describes it as inspired by Japan's "three arrows" of Abenomics. He appears at fundraisers and on financial media as a high-profile surrogate and later attributes it as the organizing principle of his Treasury tenure.