US Treasury Secretary Scott Bessent announced the administration intends to present a detailed plan for fiscal consolidation immediately following the November elections. The move acknowledges the significant rise in the national debt, which currently stands at approximately $41 trillion. Bessent did not provide specifics on the plan's contents but indicated it would address the growing financial concerns. The timing of the announcement, “right after the midterms”, suggests a desire to avoid potentially contentious debate during the election period. This strategy allows the administration to present its proposal once the immediate political pressures of the campaign have subsided. The plan is expected to outline measures aimed at reducing the debt and stabilizing the US economy. Further details will be released after the November elections.