Treasury Secretary Scott Bessent addressed the Economic Club of New York on Tuesday, emphasizing domestic production capacity and criticizing reliance on adversaries for critical inputs. He outlined elements of a 3-3-3 plan targeting a 3 percent budget deficit by 2028 and an additional 3 million barrels of daily U.S. oil output. Recent data showed first-quarter GDP growth at 1.6 percent and a 4.2 percent annual inflation rate.