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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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Secretary Bessent on ‘reprivatization’ of economy: ‘We are laser-focused on getting this deficit under control’
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Approved, Breitbart, National

Secretary Bessent on ‘reprivatization’ of economy: ‘We are laser-focused on getting this deficit under control’

By Matthew Boyle | Breitbart Treasury Secretary Scott Bessent told Breitbart News exclusively that President Donald Trump’s administration is “laser-focused” on cutting the deficit and getting spending “under control,” part of his larger vision of “reprivatization” of the U.S. economy so economic growth is no longer dependent on government spending but instead on private sector growth. Bessent said he joined Trump on the campaign trail last year and later joined his cabinet because he was “so alarmed” by the “high level of government spending” that had taken hold in recent years. Bessent delivered a major address to the Economic Club of New York last week in which he called for a “reprivatization” of the U.S. economy, arguing that under former President Joe Biden’s administration, th...
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Kudlow: Treasury Sec. Scott Bessent talks growth with Economic Club of New York
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Approved, Commentary, Fox Business

Kudlow: Treasury Sec. Scott Bessent talks growth with Economic Club of New York

By Larry Kudlow  | Commentary, Fox Business Treasury Secretary Scott Bessent spoke to the Economic Club of New York today and emphasized the growthy-ness of President Trump's program. I had a chance to interview the Secretary after his speech. But importantly, Bessent emphasized deregulation, especially in the banking sector - and that includes bank loans to small businesses. This is important because during the Biden years, Fed Chair Jay Powell swayed with the wind and promoted DEI, ESG, no loans to oil and gas companies, terrible supervision of Silicon Valley, and a disregard for the importance of community banks. Powell presided over a real mess. Incidentally, it looks like Trump-appointee Miki Bowman, who is a member of the Federal Reserve Board, is going to get the nod t...
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Trump’s Treasury secretary shuts down any tariff concerns, praises ‘frictionless global trade’
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Approved, Fox Business, National

Trump’s Treasury secretary shuts down any tariff concerns, praises ‘frictionless global trade’

By Kristen Altus  | Fox Business Less than one day after President Donald Trump signed off on a reciprocal tariff plan, the administration’s Treasury secretary shut down any economic concerns around the state of global trade. "President Trump is serious about negotiating this. And look, I don't understand why there's any pushback on this, that if they want to bring all these barriers down, then we will have more frictionless global trade," Scott Bessent said Friday in an exclusive interview on "Mornings with Maria." "As we've learned with President Trump, you should take him at his word. This is not theater," he continued. "The April 1 deadline is for a study that the Commerce Department is doing on global tariffs that apply to U.S. products country by country." READ THE F...
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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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Bessent sets the record straight on ‘misinformation’ about DOGE’s work
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Approved, National, TownHall.com

Bessent sets the record straight on ‘misinformation’ about DOGE’s work

By Leah Barkoukis | TownHall Treasury Secretary Scott Bessent on Thursday addressed the "misinformation" being circulated about the work the Department of Government Efficiency is doing. In an interview with Bloomberg, Bessent said he vetted the Treasury employees tasked with accessing federal payment data, noting they have read-only access and are not “tinkering” with payment systems in any way. “It is an operational review. It is not an ideological review,” Bessent told Saleha Mohsin, according to Bloomberg. “The ability to change the system sits over at the Federal Reserve. We don’t even run the system.”  READ THE FULL STORY ON TOWNHALL
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Trump’s Treasury pick Scott Bessent says ‘spending is out of control’
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The Center Square, Approved, National

Trump’s Treasury pick Scott Bessent says ‘spending is out of control’

By Brett Rowland | The Center Square President-elect Donald Trump's nominee to lead the Treasury Department said federal spending is "out of control." Scott Bessent, an investor and hedge fund manager, testified Thursday before the U.S. Senate Finance Committee.  "We do not have a revenue problem in the United States of America. We have a spending problem," Bessent said. "This is one of the things that got me out from behind my desk and my quiet life in this campaign, was the thought that this spending is out of control." The U.S. national debt stands at more than $36 trillion and is expected to surpass $37 trillion later this year. Experts and federal authorities, including the U.S. Government Accountability Office, have warned for years that federal spendi...
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Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
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Approved, Fox Business, National

Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office

By Eric Revell , Sarah Rumpf-Whitten , Louis Casiano  | Fox Business President-elect Trump nominated Scott Bessent to serve as Treasury Department secretary once he returns to the White House in January. In a statement on Friday, Trump highlighted Bessent's expertise. "I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," he said. "Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists. Scott’s story is that of the American Dream." READ THE FULL STORY AT FOX BUSINESS
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