Bessent Declares Widening Gap Between Rich and Poor ‘Dead’

Treasury Secretary Russell Bessent stated on December 15, 2025, that the wealth gap between rich and poor has closed, contradicting recent economic data. The Treasury Department did not provide specific metrics or timeline for the stated reversal. Economic analysts at the Congressional Budget Office reported in their most recent survey that wealth concentration among top earners increased by 2.3 percentage points over the previous fiscal year.

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