Search

NFP report finds that cost increases across benefits programs are challenging employers to find new ways to deliver value, mitigate risk and contain spending NEW YORK, Jan. 13, 2025 /PRNewswire-PRWeb/ [...]

Scott Bessent, President-elect Donald Trump's nominee for Treasury secretary, has proposed an economic growth plan known as 3-3-3, aiming for a sustained 3% GDP growth rate, a federal fiscal deficit no more than 3% of GDP, and a 3 million barrel per day increase in domestic oil production. Achieving these goals may be challenging due to factors such as persistent inflation, high interest rates, and potential labor force constraints. The plan also faces obstacles like rising borrowing costs and doubts about the Federal Reserve's ability to maintain price stability. [Extracted from the article]