Bessent didn’t go into detail on how the U.S. would achieve this milestone, though President Donald Trump is slated to give an economic update at Davos on Wednesday.

President Donald Trump wrapped up his first year in his second term. Here's how inflation, the job market, tariffs, and spending have evolved.

GDP is still the best overall measure of our economy. It stands for gross domestic product. It covers consumption, investment, government, and trade. For the past 25 years, it’s been stuck around 2 percent, on average. For the prior 100 years, GDP growth ...

China relied on exports to drive economic growth to a degree unseen since the Asian financial crisis nearly three decades ago, in a demonstration of strength that allowed it to ride out the trade war started by Donald Trump.

China's economic growth slowed to a three-year low in the fourth quarter as domestic demand softened, and while the full-year pace hit Beijing's target, trade tensions and structural imbalances pose significant risks to the outlook.