Treasury Secretary Scott Bessent said Friday the United States economy has become increasingly reliant on excessive government spending, adding, "there’s going to be a detox period.”

“The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period," Bessent said on CNBC's "Squawk Box."

Bessent added that there will be a "natural adjustment" as the Trump administration seeks to move the country toward private spending.

When asked by the host how long this economic uncertainty will last, the secretary said, "I am confident if we have the right policies, it will be a very smooth transition."

"The American dream is to be able to buy a........

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