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Bessent Declares Widening Gap Between Rich and Poor ‘Dead’

Bessent Declares Widening Gap Between Rich and Poor ‘Dead’
NYT Business Wednesday 05 August 2026, 23:46 UTC By Alan Rappeport 1 min read
Key Points

Treasury Secretary Scott Bessent during a hearing on Capitol Hill in June. He said Tuesday that “the K-shaped economy is over.”

Treasury Secretary Scott Bessent during a hearing on Capitol Hill in June. He said Tuesday that “the K-shaped economy is over.”
Treasury (ORG) Scott Bessent (PERSON) Capitol Hill (ORG)
Originally published by NYT Business Read original →

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