U.S. Treasury chief to attend G7 finance meeting, focus on imbalances

U.S. Treasury Secretary Scott Bessent is set to attend a key G7 finance meeting next week, where he plans to tackle trade imbalances and nonmarket economic practices. During his discussions with G7 leaders, Bessent aims to explore strategies to boost private sector growth, emphasizing the need for a more market-driven economy. As part of his agenda, he has pledged to reduce government spending and regulation, shifting focus away from public sector reliance to foster economic recovery through privatization efforts.