The treasury secretary added that DOGE's efforts could eventually lead to “several percent of GDP that we are saving.”

U.S. Treasury Secretary Scott Bessent announced on X that he will miss next weeks G20 finance ministers and central bank governors meeting in Cape Town due to obligations in Washington. A senior official will attend in

The Treasury secretary is the second top U.S. official not to attend the Group of 20 gatherings because of rising tension with South Africa over its land policies.

U.S. Treasury Secretary Scott Bessent will skip next week's meeting of finance ministers and central bank governors from the Group of 20 countries in Cape Town, South Africa, sources familiar with his plans told Reuters.

US Secretary of Treasury Scott Bessent, who had previously confirmed his attendance, posted on X on Thursday, saying that due to obligations in Washington, he would not be coming for the gathering next week.