Treasury Secretary Scott Bessent said Tuesday that the Trump administration is weighing plans to apply part of the tariff revenue toward lowering the national debt.

"I think at a point we're going to be able to do it," Bessent said during an interview with CNBC, adding that he and President Donald Trump were "laser-focused on paying down the debt."

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"I think that we're going to bring down the deficit-to-GDP, we will start paying down debt, and then at a point that can be used as an offset for the American people," he said.

Secretary of Treasury Scott Bessent and President Donald Trump at the White House on March 7, 2025. (Anna Moneymaker / Getty Images)

The nation's debt, which is the amount of money the U.S. ow

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