The treasury secretary added that DOGE's efforts could eventually lead to “several percent of GDP that we are saving.”

U.S. Treasury Secretary Scott Bessent announced on X that he will miss next weeks G20 finance ministers and central bank governors meeting in Cape Town due to obligations in Washington. A senior official will attend in

The Treasury secretary is the second top U.S. official not to attend the Group of 20 gatherings because of rising tension with South Africa over its land policies.