Coverage dated August 20, 2026 to August 21, 2026

Vance: Bessent has 'very discreet plan' to shrink $40 trillion national debt

Headline from The Hill

Newest development Aug 21, 2026 · 4 reportsTreasury secretary claims U.S. budget deficit has peaked as debt tops $40 trillion

Vice President Vance said Thursday night that Treasury Secretary Scott Bessent has a “very discreet plan" to shrink the nation’s debt. “He [Bessent] has had a very discreet plan, of course, supported by the president of the United States, to get the United States to a point where our economy is grow…

The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Vance: Bessent has 'very discreet plan' to shrink $40 trillion national debt

    Headline from The Hill ·

  2. Newest

    Treasury secretary claims U.S. budget deficit has peaked as debt tops $40 trillion

    Headline from Quartz ·

1 report not tied to one development ·

Reports & sources

8 articles, oldest first.

  1. The New Republic

    Trump Treasury Secretary Flails as National Debt Passes $40 Trillion (opens The New Republic)

    Published

    The New Republic's feed description

    Treasury Secretary Scott Bessent tried in vain to spin the country’s astronomical $40 trillion debt on CNBC Thursday. Speaking to the network’s Sara Eisen, Bessent admitted that he didn’t know when the Iran war would end, but that things were otherwise going well with the economy despite the soaring…

  2. The Hill

    Bessent: US can 'grow our way' out of $40 trillion debt (opens The Hill)

    Published

    The Hill's feed description

    Treasury Secretary Scott Bessent on Thursday said the U.S. can "grow" its way out of the $40 trillion national debt, a milestone reached Wednesday. "Well, I mean, look Sara, there's nothing magic about the $40 trillion number, and we can grow our way out of that," Bessent told "Squawk on the Street"…

  3. Townhall

  4. Just the News

    Bessent has 'very discreet plan' to reduce the $40 trillion national debt, Vance says (opens Just the News)

    Published

    Just the News's feed description

    A 2024 analysis by the nonpartisan Committee for a Responsible Federal Budget estimated that Trump's policies during his first term added $8.4 trillion to the national debt over a 10-year period. That's compared with the $4.

  5. The Hill

    Vance: Bessent has 'very discreet plan' to shrink $40 trillion national debt (opens The Hill)

    Published

    The Hill's feed description

    Vice President Vance said Thursday night that Treasury Secretary Scott Bessent has a “very discreet plan" to shrink the nation’s debt. “He [Bessent] has had a very discreet plan, of course, supported by the president of the United States, to get the United States to a point where our economy is grow…

  6. Quartz

    Treasury secretary claims U.S. budget deficit has peaked as debt tops $40 trillion (opens Quartz)

    Published

    Quartz's feed description

    Treasury Secretary Scott Bessent made the claim a day after the U.S. national debt crossed $40 trillion for the first time

  7. Washington Examiner

    Vance says Bessent has ‘discreet’ plan to address $40 trillion national debt (opens Washington Examiner)

    Published

    Washington Examiner's feed description

    Vice President JD Vance said Treasury Secretary Scott Bessent has a plan to address the nation’s roughly $40 trillion debt, arguing the administration can grow the economy faster than the debt accumulates.

  8. Townhall

Separate coverage close to this update in time and subject.

Vance: Bessent has 'very discreet plan' to shrink $40 trillion national debt | Since Then