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Tag: Scott Bessent

Economic boom is the greatest story never told, Kudlow says
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tippinsights, Approved, Commentary, National

Economic boom is the greatest story never told, Kudlow says

By Lawrence Kudlow | Commentary, tippinsights PART I The Boom Begins When I sat down with Treasury Secretary Scott Bessent in front of the G20 conference at Asheville, North Carolina yesterday, my intent was to work with the secretary and promote an economic growth message. And he was more than cooperative, at the top of his game. It’s as though he was just waiting to unleash the success of the Trump economy, and he chose the G20 and our interview to make his statement. I had no interest in pursuing the minutiae of retiring off-the-run Treasury bonds, or other debt management arcana. Instead the big picture was the economic boom, the manufacturing boom, the construction boom, the rising animal spirits in the American economy. Here’s how I put it to Mr. Besse...
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Trump And Vance To Headline Historic GOP Midterm Convention In Dallas
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Washington Examiner, Approved, National

Trump And Vance To Headline Historic GOP Midterm Convention In Dallas

By Carter Schroppe | Washington Examiner The Republican National Committee announced on Saturday the full list of keynote speakers who will stump for Republican candidates at the midterm elections convention next week. The first-of-its-kind event, to be held in Dallas, Texas, on Wednesday and Thursday, will feature President Donald Trump as the keynote speaker on Night One, while Vice President JD Vance will take the helm on Night Two, with Trump delivering closing remarks.  Administration officials such as Health and Human Services Secretary Robert F. Kennedy Jr. and Treasury Secretary Scott Bessent will deliver keynote speeches, as will former White House press secretary Karoline Leavitt and Donald Trump Jr. Texa...
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Trump Administration Moves to Restrict Tax Benefits for Illegal Immigrants
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The Federalist, Approved, National

Trump Administration Moves to Restrict Tax Benefits for Illegal Immigrants

By Samuel Kimzey | The Federalist We are witnessing a well-coordinated, multi-pronged strategy targeting the incentives that draw illegal aliens to the United States. Last week, Treasury Secretary Scott Bessent announced new regulations to clarify existing federal law and prevent illegal aliens from collecting government benefits. Bessent wrote on X: “Under @POTUS, the days of illegal aliens collecting taxpayer-funded benefits are over. The federal law is clear, and @USTreasury is enforcing it. American taxpayers should not be forced to foot the bill for benefits going to those who are barred by law from receiving them. These proposed regulations end the abuse, protect the integrity of the tax system, and put Americans first.”  These new policies are c...
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Why deportations are only part of the affordability answer
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TownHall.com, Approved, Commentary, National

Why deportations are only part of the affordability answer

By Dmitri Bolt | Commentary, Townhall AP Photo/Jacquelyn Martin Treasury Secretary Scott Bessent argued on Thursday that mass deportations are already improving Americans’ economic circumstances. He pointed to a tightening labor market, rising wages for working-class Americans following the departure of more than one million illegal immigrants from the workforce, and reduced pressure on rents as fewer illegal immigrants compete for jobs and housing. However, it is important to remember that these problems existed long before illegal immigration reached its current scale, and they will remain long after, if we do not strike at the root of the affordability issue. "Things are getting better. We're seeing construction jobs picking up. We're seeing manufactu...
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Treasury Announces New Trump $1 Coin for America’s 250th Celebration
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CBS News, Approved, National

Treasury Announces New Trump $1 Coin for America’s 250th Celebration

By: Megan Cerullo | CBS News The U.S. Mint will start producing a new $1 gold coin bearing President Trump's face, U.S. Treasury Secretary Scott Bessent announced Wednesday on X, the latest example of how Mr. Trump is trying to leave a mark on federal symbols and institutions.  Part of the administration's efforts to commemorate the U.S.' 250th birthday, Bessent said the coin will "honor the enduring legacy of liberty and a lasting symbol of patriotism."  "Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all," he added.  The coin is already in production and will be available beginning this fall, a spokesperson for the Treasury Department told CBS Ne...
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Treasury Secretary Says Massive Federal Fraud of Up to $600 Billion a Year is Draining US Budget
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TownHall.com, Approved, National

Treasury Secretary Says Massive Federal Fraud of Up to $600 Billion a Year is Draining US Budget

By Matt Vespa | Townhall Treasury Secretary Scott Bessent recently visited Minnesota, where he spoke with citizen journalists, local politicians, and law enforcement officials about the ongoing fraud allegations that have engulfed the state. The amount of money stolen is reportedly in the billions, maybe even the hundreds of billions. That figure was corroborated by Mr. Bessent, who said that on average, around 10 percent of the budget, around $300-600 billion, is stolen every year. He made these points to reporter Christopher Rufo: https://twitter.com/TheChiefNerd/status/2010391724410261880?s=20 This story comes after YouTuber Nick Shirley posted a viral video where he exposed these reportedly fraudulent daycare centers, the most infamous being “The Learing Center.”...
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Ukraine Signs Rare Earth Minerals Agreement with U.S.
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Approved, Breitbart, National

Ukraine Signs Rare Earth Minerals Agreement with U.S.

By Elizabeth Weibel | Breitbart Treasury Secretary Scott Bessent announced that Ukraine has signed a “historic economic partnership agreement” with the United States that establishes the United States-Ukraine Reconstruction Investment Fund and allows the U.S. access to Ukraine’s rare earth minerals. In a press release from the Department of the Treasury, Bessent praised President Donald Trump’s “tireless efforts to secure a lasting peace” in the war between Ukraine and Russia. “Thanks to President Trump’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund,” Bessent said in a statement. “As the Pres...
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Donald Trump, Scott Bessent reveal which country could be close to making trade deal
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Approved, National, The Daily Caller

Donald Trump, Scott Bessent reveal which country could be close to making trade deal

By Harold Hutchison | Daily Caller President Donald Trump and Secretary of the Treasury Scott Bessent said on Thursday that negotiations over a potential trade agreement with South Korea are making progress. Trump announced a 90-day pause on reciprocal tariffs via an April 9 post on Truth Social that also announced substantial increases on tariffs on Chinese exports to the United States, a week after he initially unveiled the duties on imports. Bessent said that the talks with South Korea had gone “faster” than he expected.  “Yes, I will,” Trump said when asked if he would be meeting world leaders while in Italy to attend the funeral of Pope Francis. “I would like to meet them all. That would be nice. I would like to take care of all of them. Many of them there. They all want to m...
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Over 100 countries have approached US ‘wanting to help rebalance global trade’: Treasury’s Bessent
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Approved, Fox Business, National

Over 100 countries have approached US ‘wanting to help rebalance global trade’: Treasury’s Bessent

By FOX Business Team , Christina Shaw and Stephen Sorace | Fox Business Treasury Secretary Scott Bessent said on Wednesday that more than 100 countries have approached the U.S. "wanting to help rebalance global trade" in response to President Donald Trump's tariff announcements. "These countries have responded openly and positively to the president's actions to create a more balanced international system," Bessent said at the Institute of International Finance. "We are engaged in meaningful discussions, and look forward to talking with others." READ THE FULL STORY AT FOX BUSINESS
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Trump directs Treasury Secretary Scott Bessent to ‘stop producing new pennies’
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Approved, Breitbart, National

Trump directs Treasury Secretary Scott Bessent to ‘stop producing new pennies’

By Elizabeth Weibel | Breitbart President Donald Trump announced he had instructed Treasury Secretary Scott Bessent to have the Treasury Department stop making new pennies, explaining that it costs more than two cents to make them. “For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump wrote in a post on Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump’s post comes after Elon Musk’s Department of Government Efficiency (DOGE) wrote in a post on X in January that the penny costs more than three cents to make and cost American taxpayers “over $179 million in FY2023.” READ TH...
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