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2026 Tax Relief Ahead, But Shutdown Threatens Progress

12/17/2025

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Summary

Story summary

Treasury Secretary Scott Bessent says 2026 will bring relief for Americans through higher tax refunds and rising real wages.
He attributes this improvement to U.S. President Donald Trump's policies.
Bessent warns that a potential government shutdown in January could hinder economic progress.
Recent job reports show the unemployment rate rising to 4.6% in November.
Democrats criticize Trump's policies, while Trump defends efforts to reduce costs and fight inflation.

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Story summary

Treasury Secretary Scott Bessent says 2026 will bring relief for Americans through higher tax refunds and rising real wages.
He attributes this improvement to U.S. President Donald Trump's policies.
Bessent warns that a potential government shutdown in January could hinder economic progress.
Recent job reports show the unemployment rate rising to 4.6% in November.
Democrats criticize Trump's policies, while Trump defends efforts to reduce costs and fight inflation.