US media: The core agenda of US Treasury Secretary nominee Yellen is "3/3/3"

AXIOS website analyzes the core economic agenda of Scott Benson, the nominee for US Treasury Secretary, the “3/3/3” policy, which aims to reduce the budget deficit to 3% of GDP, achieve an annual rise rate of 3% in the economy, and increase domestic oil production by 3 million barrels per day. Currently, the US deficit will be maintained between 6% and 7% of GDP in the coming years, forming a spiral rise trend, which may pose a significant risk of rise in interest rates. Therefore, the first agenda will satisfy the “deficit hawks”. In terms of the second agenda, the US has achieved a rise rate of around 3% for a long time in its history, but this goal may contradict Trump’s policy of restricting immigration. As for the third agenda, the US daily oil production has already reached about 13 million barrels, and the market is oversupplied. Energy executives have questioned the geological feasibility of further significant increase in production.