Scott Bessent - News and Info Tracker

US Treasury Secretary Scott Bessent spoke today at a press briefing on the sidelines of the World Economic Forum in Davos, Switzerland. Reuters reports he highlighted President Trumps economic policies driving strong growth, with real growth potentially reaching four to five percent this year, translating to seven or eight percent nominal growth. He noted capital markets are unmatched in depth and breadth, making the United States the top place for capital worldwide.Bessent emphasized tax certainty from the big beautiful bill passed on July fourth, including no taxes on tips, overtime, or Social Security, plus deductibility for auto loans on American cars. Associated Press coverage details how the Internal Revenue Service delayed withholding guidance, leading to substantial tax refunds of up to one thousand dollars per worker in the first quarter. Workers will then see automatic increases in weekly or monthly paychecks, boosting household finances.On trade, he dismissed panic over tariffs, saying relations with China are stabilized through President Trumps good ties with party chair Xi. He addressed rumors of European Union and United Kingdom plans to dump US treasuries over Greenland, calling it a false narrative with no real talk among European governments. Fox Business reports Bessent stressed President Trump views Greenland as essential to Western Hemisphere security.In digital assets, Bessent pointed to the Genius Act for stable coins, passed with bipartisan support, and ongoing clarity legislation. He confirmed the policy to add seized bitcoin, such as from Tornado Cash developers by the Southern District of New York, to a digital asset reserve after damages are addressed. Deregulation efforts have added two point five trillion dollars in lending capacity per Oliver Wyman, fueling an AI and energy boom with capex up dramatically.Bessent criticized the prior Biden administration for creating an affordability crisis with the biggest inflation in forty nine years, from which Americans still suffer post traumatic stress. He projected policies will accelerate prosperity, with bottom households seeing net worth gains faster than the top ten percent.Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quietplease.ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent revealed that President Donald Trump discusses the Federal Reserve with him every day, expressing strong dissatisfaction with Chair Jerome Powell. According to Cryptopolitan, Bessent shared this during an appearance on Kudlow, noting Trumps frustration both personally and with Powells leadership at the central bank. Powell faces a Department of Justice criminal investigation for allegedly misleading Congress about a major renovation at the Feds Washington headquarters. Bessent declined to defend Powell, saying he lacks expertise in construction and criticizing the Feds operations as needing substantial improvements and a thorough internal overhaul. He hopes the scandal will spur the long-called-for review, emphasizing the Feds impact on every American yet lack of accountability.Bessent confirmed final interviews for a new Fed chair are complete, with Trump ruling out Kevin Hassett and planning an announcement in January, possibly around Davos. Cryptopolitan reports Trump has been methodical in his choices.On Iran, HonestReporting states Bessent confirmed the United States is tracking tens of millions of dollars linked to Irans leadership moving out of the country into foreign banks. This follows sanctions-evasion via crypto networks tied to the Islamic Revolutionary Guard Corps and offshore accounts, signaling regime insiders concerns amid rising regional tensions, including United States Navy increases in the Persian Gulf.MarketWatch reports Trump announced 10 percent tariffs on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland starting February 1, escalating to 25 percent on June 1 unless Denmark sells Greenland to the United States. Bessent indicated the administration could use other authorities for tariff revenue if the Supreme Court rules against Trumps use of the International Emergency Economic Powers Act, with a decision possibly imminent. Markets showed anxiety, with the 10-year Treasury yield rising to 4.23 percent.Bessent appeared on Meet the Press with Kristen Welker this Sunday, as announced by NBC News.Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quietplease.ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent revealed that President Donald Trump discusses the Federal Reserve with him every day. According to Cryptopolitan, Trump has expressed strong dissatisfaction with Fed Chair Jerome Powell, who faces a Department of Justice criminal investigation for allegedly misleading Congress about a major renovation at the Feds Washington headquarters. Bessent avoided defending Powell, saying he lacks expertise in construction and that the Fed needs a full internal review and overhaul. He stressed that the institution affects every American but lacks accountability, hoping the scandal pushes for reforms.On Iran, HonestReporting states Bessent confirmed the United States is tracking tens of millions of dollars linked to Irans leadership moving out of the country into foreign banks. This follows sanctions evasion via crypto networks tied to the Islamic Revolutionary Guard Corps and offshore accounts, signaling regime concerns amid rising regional tensions, including United States Navy increases in the Persian Gulf.MarketWatch reports Trump announced 10 percent tariffs on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland starting February 1, escalating to 25 percent by June 1 unless Denmark sells Greenland to the United States. Bessent indicated the administration could use other authorities for tariff revenue if the Supreme Court rules against Trumps use of the International Emergency Economic Powers Act. Markets reacted with Treasury yields rising to 4.23 percent, as investors await a possible court decision this week.Bessent is scheduled for an interview today on Meet the Press with Kristen Welker, per NBCUniversal News Group.Listeners, thank you for tuning in. Please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent, the United States Secretary of the Treasury, has been active in international diplomacy and domestic economic initiatives over the past few days. On Monday, January 12, he met with Australian Treasurer Jim Chalmers in Washington to discuss opportunities in critical minerals and shared economic and national security concerns. According to the Treasury Department press release, Secretary Bessent praised Australias commitment to building secure supply chains for these vital resources.That same day, Secretary Bessent held talks with Frances Minister of Economy, Finance, and Industrial and Digital Sovereignty Roland Lescure. The Treasury Department readout highlighted coordination on G7 and G20 priorities for 2026, including global economic imbalances and follow-up on the critical minerals finance ministerial.Also on January 12, he conferred with Japans Finance Minister Satsuki Katayama, reaffirming the strong United States-Japan alliance. The Treasury statement noted appreciation for Japans role in the critical minerals summit and on global minimum tax issues through the Organization for Economic Cooperation and Development. Secretary Bessent stressed the need for sound monetary policy communication to avoid excess exchange rate volatility, as reported by Reuters. This came amid concerns over the yens recent weakness, with markets watching for potential Japanese intervention.Domestically, Secretary Bessent announced the launch of Treasurys Working Family Tax Cuts: Ushering in a New Golden Age platform. The Treasury press release describes it as a tool to showcase President Trumps pro-family, pro-worker, and pro-growth policies, including permanent tax cuts signed into law on July 4, 2025, aimed at bigger paychecks and economic revival.On the international front, Secretary Bessent told Newsmax that United States Treasury has tracked tens of millions of dollars wired out of Iran by its leaders, calling it rats fleeing the ship amid deadly protests and economic collapse. The Jerusalem Post reported he linked this to President Trumps maximum pressure campaign on Irans oil exports.Earlier this week, on January 9, he outlined new actions against fraud in federal aid programs, intensifying oversight on banks anti-money laundering efforts, per JD Supra analysis from Ballard Spahr.Listeners, thank you for tuning in, and please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

US Treasury Secretary Scott Bessent has been actively engaged in high-level international meetings and domestic policy initiatives this week. On Monday, January 12th, Bessent met with Treasurer Jim Chalmers of Australia to discuss critical minerals opportunities and mutual concerns regarding economic and national security. During that same day, he also met with Finance Minister Satsuki Katayama of Japan, where he reaffirmed confidence in the US-Japan alliance and thanked Japan for attending the United States critical minerals summit.On January 14th, Bessent held discussions with Roland Lescure, France's Minister of Economy, Finance, and Industrial and Digital Sovereignty. The conversation focused on G7 and G20 coordination and mutual economic policy priorities. Bessent emphasized the importance of coordinating across the G20 and G7 presidencies in 2026, particularly regarding global imbalances.On the domestic front, Bessent announced Treasury's Working Families Tax Cuts initiative, which he described as a platform designed to provide Americans with a clear view into President Trump's economic agenda. The initiative highlights permanent tax cuts signed into law on July 4th, 2025, which will result in bigger tax refunds and paychecks for workers in 2026. The program covers multiple areas including expanded pocketbooks through permanent tax cuts, economic security through Trump Accounts, a Main Street revival, and made in America research and development initiatives.Additionally, on January 9th, Bessent announced a series of new federal actions focused on schemes to defraud federal aid programs. The Treasury Department is implementing intensified oversight of financial institutions' compliance with anti-money laundering regulations. This initiative follows high-profile investigations, including the Feeding Our Future scheme which cost taxpayers an estimated 250 million dollars. The new approach places banks on the front lines to detect and deter financial fraud, with expectations for heightened regulatory scrutiny and closer coordination between bank examiners and law enforcement.In international financial matters, Bessent stated that the Treasury Department has tracked tens of millions of dollars being wired out of Iran by Iranian leaders, describing the situation as evidence of regime instability amid ongoing protests and economic collapse within the country.Thank you for tuning in. Be sure to subscribe for more updates. This has been a quiet please production. For more, check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

U.S. Treasury Secretary Scott Bessent addressed concerns over potential refunds for President Donald Trumps emergency tariffs in a Reuters interview on Friday. He assured that the Treasury holds nearly 774 billion dollars in cash as of Thursday, with projections for an end of March balance around 850 billion dollars, more than enough to cover any court ordered payouts. Bessent doubted the Supreme Court would rule against the tariffs imposed under the International Emergency Economic Powers Act, calling refunds a corporate boondoggle since companies like Costco likely passed costs to customers without much pass through to consumers. Reuters reports he noted goods inflation stayed below headline inflation, disputing links to broader price rises. The court delayed its tariff decision, but Bessent believes delays favor Trumps position, with refunds possibly spread over weeks, months, or a year if needed.On Monday, Bessent announced Treasury initiatives to combat government benefits fraud in Minnesota, following detection of Somali fraudsters sending federal support funds overseas. According to Debevoise and Plimpton, these measures aim to strengthen the financial system and protect taxpayers, tying into a new White House backed Division for National Fraud Enforcement at the Justice Department. The Cato Institute raised alarms, with scholar Nicholas Anthony criticizing it as expanding financial surveillance under the Bank Secrecy Act, potentially restricting Americans from sending money abroad.Meanwhile, Politico reports White House tensions over a Justice Department probe into Federal Reserve Chair Jerome Powell, which blindsided aides and rattled bond market expectations. Bessent had prepared for a smooth Fed transition, anticipating Trumps announcement of a replacement before or after Davos, but the feud risks market instability.Bessent also expects 2025 budget data to show a deficit reduction of 300 to 400 billion dollars from 2024, boosting fiscal capacity. The Denver Gazette echoes his confidence on tariff refunds amid lawsuits from Costco, Kawasaki Motors, Revlon, and others.Thank you for tuning in, listeners. Please subscribe for more updates.This has been a Quiet Please production, for more check out quietplease.ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent addressed concerns over potential refunds for President Donald Trumps emergency tariffs in a Reuters interview on Friday. He assured that the United States Treasury holds nearly seven hundred seventy four billion dollars in cash as of Thursday, more than enough to cover any refunds if the Supreme Court rules against the tariffs imposed under the International Emergency Economic Powers Act. Bessent noted that repayments would occur gradually over weeks, months, or even a year, not all at once. He doubted the court would side against Trump, calling any refunds a corporate boondoggle since companies like Costco, which sued the government, would unlikely pass savings to customers. Bessent disputed claims of high tariff pass through to consumers, stating it was very very little if any, and rejected links to inflation.On the fraud front, Bessent announced Treasury initiatives on January ninth to combat government benefits fraud in Minnesota, following detection of Somali fraudsters. These measures aim to prevent recipients of federal support funds from sending money overseas via remittances and strengthen the financial system to protect taxpayers. The Cato Institute criticized the move as building a legacy of financial surveillance and control, expanding Bank Secrecy Act oversight.Bessent expressed frustration over a criminal investigation into Federal Reserve Chair Jerome Powell, according to CNN sources on January thirteenth. He told associates he is unhappy with the Justice Department probe into Powells handling of a Federal Reserve building renovation, fearing it could unsettle markets and the global economy. Politico reports White House aides are freaked out about bond market risks, disrupting Bessents plans for a smooth Fed transition as Powells term ends in May. Republicans like Senator Thom Tillis voiced opposition, urging quick resolution to avoid political interference with Fed independence.Thank you listeners for tuning in, and please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent has spent the last few days at the center of several major economic and geopolitical developments in his role as United States Secretary of the Treasury. According to Reuters, he has been working to reassure markets that the Treasury can easily handle potential financial fallout from a key Supreme Court case involving tariff refunds on Chinese imports. In comments reported on Friday, Bessent said that even if the Court rules against the administration and forces the government to return billions of dollars in tariffs, covering those refunds would not be a problem for the Treasury, stressing that the United States balance sheet remains strong and that any payouts would be manageable within existing financing plans. Reuters notes that this stance is meant to calm concerns about an unexpected hit to federal revenues and avoid spooking bond investors who are already watching deficits and interest costs closely.At the same time, Bessent is positioning the Treasury as a driver of a broader strategy to reduce global economic dependence on China, especially for critical minerals needed for clean energy technologies and advanced manufacturing. The Japan Times reports that Bessent will host Group of Seven finance leaders and officials from the European Union, Australia, India, South Korea, and Mexico, urging them to accelerate efforts to diversify away from Chinese supplies of rare earths and other critical minerals. According to that reporting, the countries attending the meeting together account for about sixty percent of global demand for these materials, giving Bessent a platform to push for coordinated investment, new supply chains, and shared financing tools. His goal is to build what he describes as resilient, secure supply networks that reduce the risk of economic coercion and single supplier shocks.In parallel, Bessent is playing a prominent role in reshaping United States policy toward Venezuela after the fall and capture of Nicolás Maduro. Fox Business, citing an interview Bessent gave to Reuters, reports that he is preparing to support additional sanctions relief on Venezuela as soon as next week, specifically to facilitate increased oil exports and attract new investment into the countrys energy sector. He indicated that the United States is effectively de sanctioning the oil that is going to be sold, while still retaining leverage over Caracas on governance and transparency issues. In the same interview, Bessent said he is exploring ways to unlock nearly five billion dollars in Venezuela’s frozen assets at the International Monetary Fund, known as Special Drawing Rights, to support economic stabilization if certain conditions are met.Fox Business also highlights that these financial moves tie into a broader White House strategy under President Donald Trump to stabilize Venezuela, safeguard its oil revenues in United States accounts, and encourage American energy companies to expand operations there under a post Maduro framework. Bessent plans to meet with the heads of the International Monetary Fund and the World Bank to discuss how multilateral institutions can re engage with Venezuela, using Treasury tools to guide the country back into the global financial system while trying to prevent corruption and misuse of funds.Together, these developments show Bessent moving on three fronts at once. Domestically, he is signaling confidence that the Treasury can absorb legal and fiscal shocks linked to tariffs. Internationally, he is leading an effort to restructure critical mineral supply chains away from China, and in the Western Hemisphere, he is using sanctions, financial diplomacy, and international institutions to manage the transition in Venezuela and its vital oil sector.Thank you for tuning in, and be sure to subscribe so you do not miss the next update. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent has spent the past few days at the center of several fast moving Treasury stories, touching trade, energy and global economic security. Listeners looking to understand his latest decisions as Secretary of the Treasury will find a clear pattern. He is signaling a more activist role for the United States in reshaping the world economy while trying to contain financial risks at home.According to Reuters, Bessent said on Friday that it would be no problem for the Treasury to cover potentially large tariff refund payments if the Supreme Court rules against President Trumps tariff policy. In that interview, he argued that the United States balance sheet is strong enough to handle repayments to importers without jeopardizing broader fiscal stability, framing the issue as a matter of legal obligation rather than policy preference. This stance suggests he is preparing markets and lawmakers for an adverse court decision while trying to avoid panic about the budget impact.At the same time, he is using sanctions policy to advance geopolitical and energy goals. Fox Business reports that Bessent signaled the United States could lift additional sanctions on Venezuela as soon as next week to support the countrys oil sales and broader economic stabilization. In comments shared via Reuters and Fox Business, he said he plans to meet with the heads of the International Monetary Fund and the World Bank to discuss renewed engagement with Venezuela, including the possibility of unlocking nearly five billion dollars in International Monetary Fund special drawing rights that have been frozen under existing restrictions. He framed this potential shift as part of a broader Trump administration effort to stabilize Venezuela after the capture of former dictator Nicolas Maduro and to encourage new United States investment in its oil sector.Bessent is also pressing allies to reduce dependence on China for critical minerals. The Japan Times reports that he will use a high level gathering of Group of Seven finance ministers and officials from the European Union, Australia, India, South Korea and Mexico to push for quicker action in diversifying away from Chinese supplies of rare earths and other key materials. According to that report, the countries represented account for roughly sixty percent of global demand for critical minerals, giving Treasury led coordination significant potential leverage over future supply chains.Taken together, these moves portray Scott Bessent as a Treasury Secretary willing to accept near term financial costs, recalibrate sanctions and rally allies in order to reshape strategic economic relationships, from tariff litigation at home to energy and minerals abroad.Thank you for tuning in and remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Listeners, U.S. Treasury Secretary Scott Bessent has spent the past few days at the center of several major economic moves that could change how Americans borrow, spend, and pay taxes.According to The Street and Fox Business, Bessent just unveiled a new No Tax on American Car Loan Interest rule, a key piece of President Donald Trump’s One Big Beautiful Bill Act that was signed into law last summer. Under this policy, eligible taxpayers who buy new vehicles assembled in the United States between 2025 and 2028 can deduct up to ten thousand dollars per year in auto loan interest. Bessent has emphasized that this applies even if taxpayers take the standard deduction, and that it is targeted to working and middle income families, with the benefit phasing out for higher earners.This announcement comes as Americans face record car payments and longer loan terms. The Street reports that average monthly finance payments hit new highs, pushing more buyers into risky, very long term auto loans. Bessent is framing the deduction as both affordability relief for families and an incentive to strengthen domestic manufacturing, since only U.S. assembled vehicles qualify.At the same time, Bessent has been previewing what he calls very large tax refunds tied to the broader One Big Beautiful Bill Act. Local outlet 13WHAM in New York notes that he has been on a media tour highlighting provisions such as no federal tax on Social Security benefits, no tax on tips up to a set amount, no tax on overtime up to a defined cap, and a much higher ceiling on property tax deductions for many homeowners. Tax experts interviewed by 13WHAM caution that outcomes will vary widely by household, but they agree that many taxpayers will see noticeably larger deductions and potentially bigger refunds this filing season.On the international front, Bessent has also moved to reshape how American companies are taxed overseas. The Foodservice Equipment Distributors Association reports that the United States just finalized a revised agreement with more than one hundred forty five countries that effectively exempts U.S. headquartered firms from the Organisation for Economic Cooperation and Development fifteen percent global minimum tax known as Pillar Two. Under the new side by side structure, those companies will be subject only to the U.S. global minimum tax. Business groups, including the National Association of Manufacturers, are calling this deal a major victory, arguing that it protects U.S. tax sovereignty and preserves incentives for research, development, and domestic investment.Taken together, these moves show Bessent using the Treasury Department to cut targeted taxes at home while pushing back against multilateral tax rules abroad, with direct consequences for car buyers, workers, retirees, and large corporations.Thank you for tuning in, and make sure to subscribe. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent has been actively shaping U.S. economic policy through several significant initiatives in recent weeks.Most notably, Bessent recently finalized a side-by-side agreement on the OECD Pillar Two global tax deal. According to the Global Business Alliance, this agreement demonstrates a commitment to America's economic strength and provides greater certainty and predictability in global tax systems for international companies investing in the United States. The agreement also protects U.S. sovereignty, as U.S.-based multinational companies will be exempt from the global tax deal, which Bessent called a historic victory for preserving American interests and protecting workers and businesses.On the financial crimes front, Bessent announced in late December that the Financial Crimes Enforcement Network will continue targeting Money Services Businesses in 2026 with increased use of data-driven operations to combat money laundering. This initiative is part of a broader effort to disrupt terrorist cartels, drug traffickers, and human smugglers operating along the southwest border. The Treasury Department has already issued Geographic Targeting Orders affecting Money Services Businesses in California and Texas, requiring heightened reporting on cash transactions. The September amendment to these orders raised the reporting threshold from two hundred dollars to one thousand dollars following court injunctions, while continuing to emphasize advanced data analytics to identify suspicious activity patterns across multiple businesses.Bessent's approach reflects an elevation of cartel-related financial activity from a traditional anti-money laundering concern to a national security priority. The Treasury Department analyzed more than one million currency transaction reports and eighty-seven thousand suspicious activity reports using new high-performance data-driven enforcement tools to support these investigations.Beyond these major initiatives, Bessent is being positioned as President Trump's point man on addressing the broader affordability crisis facing American consumers and businesses. His leadership on both global tax policy and domestic financial crime enforcement signals an administration focused on economic sovereignty and border security as interconnected priorities.Financial institutions nationwide should prepare for increased scrutiny in 2026, as FinCEN has signaled that data collected under current initiatives may support investigations beyond original target zones, meaning compliance with anti-money laundering regulations will be essential for all businesses engaged in cross-border transactions.Thank you for tuning in to this Treasury update. Be sure to subscribe for more coverage of government economic policy and financial regulation. This has been a Quiet Please production, for more check out Quiet Please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent predicted a gigantic tax refund year for Americans filing in 2026. According to AOL, he told the All In Podcast that working Americans did not adjust their paycheck withholdings after President Trumps One Big Beautiful Bill Act cut taxes retroactively from the start of 2025. Households could see refunds of one thousand to two thousand dollars or more, with the nonpartisan Tax Foundation estimating an average of three thousand eight hundred dollars, up from prior years. Bessent, who also acts as Internal Revenue Service commissioner, said workers will adjust withholdings next year for higher take home pay combined with refunds, boosting spending power. The Tax Foundation reports the bill reduced individual income taxes by one hundred forty four billion dollars for 2025, including hikes to child tax credits, standard deductions, state and local tax caps, and new breaks for auto loan interest, overtime, and tips.Fox News detailed two looming tests for Trumps economic agenda as of January third, two thousand twenty six. The Supreme Court will rule on tariffs challenged in Learning Resources Incorporated versus Trump and Trump versus V O S Selections Incorporated, questioning if the International Emergency Economic Powers Act allows such broad presidential authority. Duty revenue hit two hundred fifteen point two billion dollars in fiscal year two thousand twenty five and ninety six point five billion since October first. Bessent helped shape Trumps shortlist for Federal Reserve chair, praising candidates Kevin Warsh and Kevin Hassett, whom he has known over twenty years, as equally qualified amid calls for sharp rate cuts.AOL reported Bessent confirming two thousand dollar tariff checks would go to working families under Trumps proposal. Read the Joe noted new deductions like six thousand dollars for seniors earning under seventy five thousand dollars, no federal tax on up to twenty five thousand dollars in tips, and expanded charitable giving breaks. Politico highlighted delays in finalizing Trumps October trade deal with China, with Bessent hoping to wrap rare earth provisions by Thanksgiving, though text remains unpublished.Business Insider covered Democratic lawmakers letter to Bessent urging extension of tax free student loan forgiveness, expiring this year and risking tax bills of five thousand eight hundred to ten thousand dollars for borrowers.Morningstar critiqued Bessents view that retirement investors ignore day to day market swings, like last Aprils four thousand point Dow plunge after Liberation Day tariffs.Thank you listeners for tuning in and please subscribe for more. This has been a Quiet Please production, for more check out quietplease.ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent has been at the center of several major economic policy developments as we head into 2026.On the tariff front, Bessent announced that working families would receive two thousand dollar checks as part of President Trump's tariff policy initiative. According to Treasury statements, these payments are designed to offset the impact of trade measures on American households, with the funds directed specifically toward working families rather than higher income brackets.Bessent also revealed significant tax changes coming this year. Households could see refunds of up to two thousand dollars come tax day thanks to recent legislative changes. The Treasury Department updated IRS withholding guidelines late in the previous year, meaning many Americans overpaid throughout that period and could receive sizable refunds. Beyond the immediate refunds, new tax deductions are being implemented for seniors aged sixty five and older, who get a six thousand dollar deduction for tax years twenty twenty five through twenty twenty eight if they earn under seventy five thousand dollars. Tipped workers will no longer pay federal income tax on tips starting in twenty twenty five, capped at twenty five thousand dollars per year. The Secretary's office also noted that charitable donors using the standard deduction can now deduct up to one thousand dollars for single filers or two thousand dollars for joint filers beginning in twenty twenty six.On student loan matters, Bessent faced pressure from Democratic lawmakers regarding what some called a tax bomb affecting borrowers. A provision that made student loan forgiveness tax free expired on January first, potentially leaving borrowers facing thousands in new taxes on forgiven debt. Senator Elizabeth Warren and colleagues sent a letter to Bessent urging him to use his authority to reverse this expiration, citing analysis showing the average borrower could face losses between fifty eight hundred and ten thousand dollars.Regarding trade negotiations, Bessent previously indicated the administration hoped to finalize rare earth provisions of the China trade deal by Thanksgiving, though broader written terms of that October agreement between Trump and President Xi Jinping remain undisclosed, creating uncertainty about implementation details and timelines.Throughout these developments, Bessent has been navigating significant economic policy decisions while facing scrutiny over multiple fronts including student loan taxation and international trade commitments.Thank you for tuning in. Please remember to subscribe. This has been a Quiet Please production. For more, check out quietplease dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent predicts a blockbuster year for the United States economy in 2026, with gigantic tax refunds of one thousand to two thousand dollars for many working Americans due to President Trumps tax cuts. Fox Business reports Bessent forecasting inflation relief, higher real incomes, and job growth from new manufacturing investments, calling it a bountiful time for Main Street and Wall Street as long as Democrats avoid a government shutdown.In a recent interview on Mornings with Maria, as covered by AOL and Fox Business, Bessent warned that the ongoing government shutdown, now in its thirty-first day, could slash economic growth by half this quarter. He urged Senate Republicans to drop the filibuster to keep government open, noting past shutdowns slowed gross domestic product but the economy still hit three point five percent growth last year. Bessent highlighted falling rents from stricter border enforcement deporting over two million people, lower energy prices, and deregulation boosting supply to fight Biden-era inflation, the worst in fifty years.Fox Business details Bessent completing interviews for Federal Reserve chair to replace Jerome Powell by May 2026, with top candidates Kevin Hassett and Kevin Warsh, and a decision expected by Christmas. He expressed optimism after a Supreme Court hearing on Trumps tariff powers, predicting a favorable January ruling alongside tariff solutions.On trade, Bessent announced China plans to buy millions of metric tons of United States soybeans after President Trumps meeting with Chinese President Xi, potentially bringing two trillion dollars in United States investment. Public Policy Solutions urges him to block Latin American trade deals unless they end digital taxes on United States firms. He also struck the final United States penny on Wednesday, ending production as costs hit four cents per coin. Beaumont Enterprise reports new sanctions on four Venezuelan oil firms and tankers to stop the Maduro regimes profits.Bessent called on more states to conform to Trumps tax cuts, per Vernon Reporter, and spotlighted South Carolinas rare earth facility creating jobs. He clashed with Senators Elizabeth Warren and Amy Klobuchar over a twenty billion dollar Argentina currency swap and a forty billion dollar deal, labeling them failures amid shutdown tensions.Thank you listeners for tuning in, and please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

U.S. Treasury Secretary Scott Bessent recently forecasted substantial affordability relief for American families, including a major drop in inflation within the first six months of 2026. In a Fox Business interview on December 16, he highlighted falling rents due to stricter border enforcement reducing immigration pressures, lower energy prices from deregulation, and upcoming tax refunds of one thousand to two thousand dollars per household in the first quarter. Bessent credited President Trump's tax, energy, and immigration policies for reversing Biden-era inflation, predicting strong job growth, capital formation, and non-inflationary expansion if Democrats avoid a government shutdown. He warned that growth creates supply, not inflation, positioning 2026 as a bountiful year with benefits for Main Street and Wall Street alike.On December 23, the Treasury Department under Bessent awarded ten billion dollars in New Markets Tax Credits to 142 organizations for 2024 and 2025, emphasizing rural and Native community investments. Tribal Business News reported two hundred thirty-six million dollars allocated for Native areas, with awards to groups like Native American Bank at seventy-five million dollars and Chickasaw Nation Community Development Endeavor at seventy-five million dollars. Bessent stated in a Treasury release that making the program permanent via the One Big Beautiful Bill ensures long-term certainty for job creation, not political trends. The U.S. Department of the Treasury announced reforms to enforce anti-discrimination laws, boost compliance monitoring, and prioritize affordable housing, small businesses, manufacturing, and rural hospitals, with a twenty percent increase in rural funding per UCB Journal on December 29.Senator Sheldon Whitehouse challenged Bessent on climate change risks to mortgages, insurance, and the economy during a recent hearing, citing reports from the Senate Budget Committee, First Street, Federal Reserve Chair Powell, and Fitch on potential trillions in losses, as covered by MSNBC's The Beat on December 29. Bessent responded that his team interacts with state insurance regulators via the Financial Stability Oversight Council.Separately, seventeen senators led by Elizabeth Warren expressed concerns to Bessent over predicted record tax refunds in 2026 from Trump's tax cuts, according to Accounting Today on December 23.Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quietplease.ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent recently outlined the Trump Accounts initiative at a December 17 press conference, according to The Federal Newswire. This program gives every American newborn a one thousand dollar seed contribution from the federal government, invested in an index fund. Families claim it by checking a box on Form 4547 during tax filing for children born from January first, 2025, to December 31, 2028. Bessent called it President Trumps gift to make every American a shareholder, aiming to turn small early investments into generational wealth. He noted that if investments grow at historical S and P 500 rates of ten point five percent annually, one thousand dollars could reach nearly six hundred seventy four thousand by retirement. Additional funding comes from parents up to five thousand dollars yearly starting July fourth, philanthropy, and states. Michael and Susan Dell pledged six point two five billion dollars for children under ten, or two hundred fifty dollars per child. Investor Ray Dalio joined the 50 State Challenge for more donors, with 20 states considering contributions tied to financial literacy.Bessent also serves as acting IRS commissioner and predicted gigantic tax refunds in early 2026 from the One Big Beautiful Bill Act signed in July, as reported by Fox Business. Retroactive cuts mean workers who kept old withholdings could see one thousand to two thousand dollars per household, totaling one hundred to one hundred fifty billion dollars. The Tax Foundation confirmed this, estimating average refunds up by one thousand dollars from boosts to child tax credits, standard deductions, and more. Economist Don Schneider echoed it could be the largest refund season ever, per Blavity citing Newsweek.Critics reacted strongly. A YouTube video from Hook Global on December 27 showed Senator Bernie Sanders clashing with Bessent in a Senate hearing over economic policy. Separately, 25 senators including Sanders, Mazie Hirono, and Elizabeth Warren urged Bessent in a letter to end IRS hiring freezes at the Taxpayer Advocate Service, per Kauai Now News. They warned staff cuts hinder refund help, with nearly one in four advocates gone.These moves highlight Bessents focus on tax relief and investment access amid partisan pushback.Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quietplease.ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent is back in the spotlight as Secretary of the Treasury, and the latest news centers on how his tax policy choices will hit listeners wallets in early 2026. In a recent conversation highlighted by Fox Business, Bessent said that Americans should expect what he called a gigantic refund year, thanks to President Donald Trumps One Big Beautiful Bill Act, a sweeping tax and spending package signed in July twenty twenty five. According to that Fox Business report, the tax cuts were written to apply retroactively to the start of the year, but paycheck withholding was never adjusted, setting up unusually large refunds when people file their twenty twenty five taxes in early twenty twenty six.Bessent, who is also serving as acting commissioner of the Internal Revenue Service, has been telling interviewers that many households could see one thousand to two thousand dollars back at tax time if they file early. Fox Business and follow up coverage from Blavity, citing Newsweek and local television interviews, report that Bessent is estimating one hundred to one hundred fifty billion dollars in total refunds, potentially making it one of the largest refund seasons on record. The nonpartisan Tax Foundation has echoed the basic forecast, pointing to expanded child tax credits, a higher standard deduction, a higher cap on state and local tax deductions, and new or expanded deductions on items like auto loan interest, tip income, overtime pay, and some senior expenses as key drivers of those bigger checks.At the same time, Bessent is facing growing political pushback over how the Internal Revenue Service is being managed under his watch. Kauai Now News reports that Senator Mazie Hirono and two dozen other senators have sent a letter pressing Bessent to reverse hiring freezes and staff cuts at the Taxpayer Advocate Service, the independent office inside the Internal Revenue Service that helps people resolve refund delays and other tax problems. The lawmakers warn that nearly one in four advocates have left this year, and they argue that shrinking that office just as refunds surge could make it harder for many families to actually receive the full benefits Bessent is promising.Critics of the One Big Beautiful Bill Act, highlighted in Blavitys coverage, also stress that while middle income households may enjoy short term windfalls in twenty twenty six, the law delivers much larger long term gains to high income families and corporations, and may widen the federal deficit. That sets up a broader debate around Bessent, as supporters showcase headline refund numbers while opponents question whether his Treasury is trading fiscal stability and equitable policy for a short term political boost.Thanks for tuning in, and make sure to subscribe. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent, the United States Treasury Secretary, is leading efforts to influence the next Federal Reserve Chair selection. According to Rootdata, President Donald Trump announced the choice will come in early January, with Bessent organizing the process to push for interest rate cuts and shift more monetary policy control toward the Treasury. Rootdata reports Bessent aims to screen candidates who favor the Federal Reserve returning to traditional behind the scenes operations, potentially giving the Treasury greater say in large scale asset purchases and sales known as quantitative easing and quantitative tightening.KuCoin news flash details Bessent's strategy to install a cooperative Fed Chair, expanding Treasury influence on liquidity decisions that could impact cryptocurrency markets and regulatory coordination against terrorism financing. This move positions Bessent at a key point in his career, balancing risks with opportunities for expanded executive branch powers long considered off limits.On December seventeenth, Bessent stated federal officials are working with governors from twenty states considering additional contributions to Trump Accounts, tax advantaged savings for children born between January first twenty twenty five and December thirty first twenty twenty eight. Planadviser reports the Treasury provides a one time one thousand dollar seed payment per eligible child, with accounts launching July fifth twenty twenty six. Companies like Charles Schwab are matching the federal contribution for employees children, while billionaires Michael and Susan Dell pledged six point two five billion dollars to top up up to twenty five million accounts.The Treasury Department also issued guidance allowing businesses to round cash transactions to the nearest nickel amid penny shortages, as noted by American Banker.Listeners, thank you for tuning in, and please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent has used his early months as Secretary of the Treasury to push for a more activist role in both domestic monetary discussions and long term household savings policy, and recent reports show that pace accelerating over the last several days.According to a recent KuCoin Markets brief, Bessent is now deeply involved in shaping the selection of the next Federal Reserve chair, pressing for a candidate who would coordinate closely with the Treasury on interest rate policy and liquidity management. The brief reports that he is advocating for rate cuts sooner rather than later, arguing that a more growth oriented stance is needed to stabilize credit markets while keeping funding conditions loose enough to support small business lending and investment in new technologies. The same coverage notes that Bessent wants a more formal role for the Treasury in decisions around quantitative easing and quantitative tightening, which would mark a notable shift away from the traditional independence of the central bank.That push links to another area where Bessent has been active, the intersection of regulation, crypto assets, and national security. KuCoins writeup highlights his interest in using closer coordination between the Treasury and the Federal Reserve to tighten controls on illicit finance and crypto based funding channels for terrorism and sanctions evasion, while still leaving room for regulated innovation in digital assets and payment systems.On the household side, Bessent continues to promote the new Trump Account savings program as a cornerstone of his economic agenda. PlanAdviser reports that the Treasury is seeding tax advantaged accounts with a one time one thousand dollar federal contribution for children born between 2025 and 2028, and that major employers like Charles Schwab have just announced they will match that federal deposit for their own workers children. In remarks cited by PlanAdviser, Bessent said he is working with about twenty governors on options for states to add their own top up funding, with the goal of turning the pilot into a broad wealth building tool for lower and middle income families.These recent moves depict a Treasury Secretary willing to blur traditional lines between fiscal and monetary policy, while also experimenting with new public private partnerships to expand long term savings.Thank you for tuning in, and remember to subscribe so you never miss an update.This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent has spent the last few days emphasizing a message of resilience about the United States economy, even as financial markets react nervously to new trade and immigration policies. In a recent interview highlighted by AOL Finance, the Treasury Secretary said he expects the United States to finish the year with economic growth of around three percent, despite what he called short term volatility tied to the administrations tariff strategy and shifts at the southern border. According to that report, Bessent argued that investors are underestimating the strength of household balance sheets and ongoing consumer spending, which he sees as the core engine keeping growth on track.In the same conversation, Bessent acknowledged that tariffs are creating uncertainty for manufacturers and importers but framed them as a negotiation tool rather than a long term policy direction. He suggested that once new trade terms are settled, supply chains will stabilize and business investment could rebound. Media coverage has noted that his tone is more optimistic than that of some Wall Street strategists, who have warned about slowing global growth and the risk of a sharper market correction. Bessent has responded by pointing to strong employment data and still solid retail sales as evidence that underlying demand remains healthy.Another theme in Bessents recent public comments has been fiscal discipline paired with targeted support. Outlets covering his remarks report that he is resisting calls for sweeping new stimulus, arguing instead for focused measures aimed at infrastructure, permitting reform, and incentives for domestic production. He has also reiterated the administrations commitment to keeping borrowing costs manageable, saying that a credible path for the federal budget will help anchor interest rates and support private sector investment.Financial press coverage has paid close attention to how Bessent communicates with the bond market. Analysts note that his assurances about growth and inflation have become a key reference point for expectations around future interest rate moves by the Federal Reserve, even though the central bank sets policy independently. For now, his consistent message is that the economy is bending but not breaking, and that policy turbulence will not derail the broader expansion.Thanks for tuning in, and do not forget to subscribe so you never miss an update. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI