US media: US Treasury Secretary nominee Bescent's core agenda is "3/3/3"

The AXIOS website analyzes that the core economic agenda of US Treasury Secretary nominee Scott Bescent "3/3/3" policy approach, which is to reduce the budget deficit to 3% of GDP, achieve 3% annual economic growth, and increase domestic oil production by 3 million barrels per day. With the current US deficit set to remain between 6% and 7% of GDP for several years, creating a spiral that could raise the risk of a sharp rise in interest rates, the first agenda will please "deficit hawks". On the second agenda, the US has achieved growth of around 3% for a long time in its history, but this goal may contradict Trump's policies to limit immigration. On the third agenda item, U.S. oil production is already around 13 million barrels a day, the market is oversupplied, and energy executives have questioned the geological rationale for further big increases.