Scott Bessent is said to potentially use the rainy day fund in a significant increase in government buybacks.
Treasury Secretary Scott Bessent might consider utilizing nearly $1 trillion from a cash reserve to facilitate Treasury bond buybacks. This move could empower the Trump administration in its efforts to lower long-term borrowing costs, especially as concerns about the U.S. fiscal sustainability grow among investors, as reported recently by CNBC. The Treasury could tap into […]
Treasury Secretary Bessent Warns U.S. Will Impose Unprecedented Measures on Iran
Trump to Intensify Economic Pressure on Iran President Donald Trump is gearing up for new actions next week, significantly ramping up his campaign of “economic anger” towards Iran, as warned by Treasury Secretary Scott Bessent on Thursday. Bessent noted that these measures, coupled with a U.S. naval blockade aimed at restricting goods in and out […]
Chinese AI companies that copy US models may encounter sanctions, warns Treasury Secretary Scott Bessent.
Concerns Over AI Models and Potential Sanctions Treasury Secretary Scott Bessent expressed concerns on Tuesday about the possibility of imposing sanctions on a Chinese AI company if evidence emerges showing that its open-source AI models were developed using stolen data from U.S. laboratories. “We’re in favor of an open source model, but not when it […]
Scott Bessent discloses assassination attempt against him from the left following his swearing-in.
Treasury Secretary Scott Bessent disclosed on Thursday that he faced an assassination attempt merely two hours after taking his oath. He attributed this incident to “left-wing activists,” emphasizing that it illustrates a tangible rise in violent political extremism from that side of the spectrum. Bessent addressed this matter during a State Department meeting focused on […]
Secretary Bessent to Unveil Treasury’s Strategies for Addressing ‘Transnational Political Terrorism’ Financial Issues
Treasury Secretary to Address Measures Against Terror Financing Treasury Secretary Scott Bessent is set to present the U.S. Treasury’s approach to tackling the financial aspects of “transnational political terrorism” during a speech to senior officials at the U.S. State Department on Thursday, as reported by Breitbart News. A Treasury official has indicated that Bessent will […]
Bessent claims that Trump’s immigration enforcement is bringing jobs back to workers.
Immigration Policy Tied to Job Growth, Claims Treasury Secretary Treasury Secretary Scott Bessent recently spoke out, suggesting that President Trump’s strict immigration policies are playing a role in boosting job opportunities for American workers. He mentioned that with ongoing deportations—both voluntary and mandatory—the administration anticipates real wage growth to return as private sector jobs increase. […]
Scott Bessent describes five key principles for Trump’s economic strategy.
U.S. Treasury Secretary Advocates for Domestic Economic Strength U.S. Treasury Secretary Scott Bessent has underscored the belief that economic security begins at home, emphasizing the need for investment in industries like semiconductors and artificial intelligence. He argues these are crucial to national strength and that the U.S. should lead in these sectors. During a speech […]
Bessent: Our Power Lies in What We Can Create
Treasury Secretary Discusses Economic National Strategy Treasury Secretary Scott Bessent shared his vision for an “economic national strategy” during a speech on Tuesday at the Economic Club of New York. He emphasized that the U.S. will leverage its economic power to reinforce national sovereignty and cautioned that countries unable to produce essential goods may not […]
Bessent Reports Illegal Job Programs Linked to $2.5 Billion in Fraud
Treasury Secretary Highlights $2.5 Billion in Payroll Tax Fraud Treasury Secretary Scott Bessent remarked on Friday that an illegal employment scheme has resulted in over $2.5 billion in suspicious payroll tax activities this year. While speaking to bankers in Houston, Bessent noted that financial institutions have reported this substantial amount connected to payroll tax fraud […]
Bessent refers to Texas and California as a notable ‘story of two states’
Texas as a Magnet for Fortune 500 Companies Chuck DeVore, a former Congressman from California, discussed the ongoing shift of companies relocating from California to Texas. He pointed out that lower taxes and reduced regulations are significant factors attracting Fortune 500 companies to Texas. DeVore noted delays in major infrastructure projects, like high-speed rail, and […]