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December 4, 2024, Opinion: "Treasury Secretary nominee Scott Bessent’s goal of reducing the federal budget deficit to 3% of gross domestic product by 2028 is a sensible aspiration. Achieving it will be difficult. The Congressional Budget Office projects the deficit will be 6% of GDP in 2028. President-elect Trump’s policies could push it to 8%. To meet the 3% goal, Mr. Trump would need to abandon some of his campaign proposals, as newly elected presidents have done before, and add trillions in new savings."