Scott Bessent - News and Info Tracker

Treasury Secretary Scott Bessent announced major priorities for the United States' leadership of the G20 Finance Track this year, with a focus on pro-growth economic policies and modernizing financial regulation. According to the Treasury Department, Bessent outlined an agenda centered on strengthening understanding of global imbalances, enhancing debt transparency, endorsing a vibrant digital assets ecosystem, improving cross-border payments, and promoting financial literacy.The announcement included a detailed schedule for G20 meetings throughout 2026. Finance ministers and central bank governors will meet in Washington DC on April 16th. Later in the summer, Asheville North Carolina will host the finance and central bank deputies meeting on August 29th and 30th, followed by the main finance ministers and central bank governors meeting on August 31st through September 1st. An additional meeting is scheduled for Bangkok Thailand on October 15th. President Trump's Leaders Summit will conclude the host year on December 14th and 15th at Trump National Doral in Miami Florida.Bessent emphasized that the selection of Asheville reflects the Trump Administration's commitment to revitalizing western North Carolina following Hurricane Helene's devastating impact. He stated that the United States would leverage America's strong economic performance and bring the G20 back to its core mission through a streamlined, results-oriented approach.In separate Treasury Department actions, Bessent's office issued interim guidance on the Corporate Alternative Minimum Tax designed to reduce compliance burdens on businesses. The guidance aims to provide clarity on the complex tax regime and prevent unnecessary impediments to innovation, investment, and job creation.Additionally, the Treasury Department announced a new initiative targeting improved cybersecurity and artificial intelligence risk management within the financial sector. According to Treasury officials, the department plans to release resources developed by a public-private working group in phases throughout February. These resources promote secure AI adoption by financial institutions and are intended to increase the resilience of the financial system while reducing regulatory friction.The Federal Reserve also confirmed that it conducted a rare rate check on the dollar-yen exchange rate on behalf of the White House earlier this year, signaling an activist approach to foreign exchange policy by the Trump administration and Treasury officials.Thank you for tuning in. Be sure to subscribe for more updates on Treasury Department news and policy developments. 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 announced major priorities for the United States' leadership of the G20 Finance Track today. The Treasury Department is hosting a series of high-level meetings throughout 2026, beginning with finance ministers and central bank governors gathering in Washington DC on April 16. Later this summer, Asheville North Carolina will host two consecutive meetings from August 29 through September 1, bringing together finance and central bank deputies as well as finance ministers and governors. Bessent emphasized that selecting Asheville reflects the Trump Administration's commitment to revitalizing western North Carolina following Hurricane Helene's devastating impact. The Finance Track agenda focuses on modernizing financial regulation, strengthening understanding of global economic imbalances, enhancing debt transparency, endorsing digital assets ecosystems, improving cross-border payments, and promoting financial literacy.In separate developments, the Treasury Department and Internal Revenue Service released interim guidance on the Corporate Alternative Minimum Tax to reduce compliance burdens for businesses. Bessent criticized the tax regime as a flawed partisan experiment, stating that it disrupted productive business activities while failing to deliver promised revenues. He emphasized that the Trump Treasury Department is restoring sanity to tax administration and keeping bureaucracy out of the way of job growth and investment.The Treasury Department also announced an initiative targeting improved cybersecurity and artificial intelligence risk management across the financial sector. Throughout February, Treasury is releasing six resources developed by the Artificial Intelligence Executive Oversight Group, which emerged from the White House AI Action Plan. The initiative brought together senior executives from financial institutions, federal and state regulators, and other key stakeholders. Bessent stated that this work demonstrates government and industry collaboration supporting secure AI adoption that increases financial system resilience. The guidance addresses governance, data, transparency, fraud, and digital identity to establish a foundation for confident and secure AI use in financial services.The Treasury Department is taking a phased approach to releasing these AI resources, prioritizing confident adoption while reducing regulatory friction. The initiative acknowledges that while financial institutions are rapidly deploying artificial intelligence tools for fraud detection and risk modeling, such deployments can introduce cybersecurity vulnerabilities requiring careful governance and oversight.Thank you for tuning in to this Treasury update. Please remember to subscribe for the latest information on government policy and financial news. 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 is pushing hard for regulatory clarity in cryptocurrency markets. According to AInvest News, he urged Congress to pass the CLARITY Act by spring for President Trump to sign, arguing it would bring crypto activity back to the United States under the highest regulatory standards and provide great comfort amid volatility. Bitcoin has dropped nearly fifty percent from its October high of one hundred twenty-six thousand two hundred ten dollars and fifty cents, now around sixty-six thousand dollars, due to forced deleveraging in futures, though spot bitcoin exchange-traded fund inflows over the past year show ongoing structural support.On inflation policy, The Daily Economy reports that on February seventeenth, two thousand twenty-six, Bessent suggested the Federal Reserve shift from a fixed two percent inflation target to a broader range, aiming to address credibility issues.Bessent testified before the House on financial stability, as noted by AOL, around the time Bloomberg News reported Treasury official Hurley leaving his post after friction with him on February fifteenth, two thousand twenty-six.In personnel moves, Morningstar coverage of Dow Jones Newswires indicates Bessent urged the Senate to advance Kevin Warsh's nomination to succeed Jerome Powell as Fed chair, downplaying Powell's criminal probe and pushing for hearings despite resistance from some Republican senators.On national security, Fox Business states that on Monday, Republican Senators Tim Sheehy, Steve Daines, and John Barrasso wrote to Bessent, urging permanent divestment of Russian energy giant Lukoil's foreign assets. They warned against shell game deals that could return control to Moscow or flip assets to adversaries like China, following Treasury sanctions and Lukoil's talks to sell to Carlyle Group.These steps highlight Bessent's focus on crypto growth, monetary tweaks, and tough energy sanctions.Thank you for tuning in, listeners. 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 recently suggested that the Federal Reserve shift from a fixed two percent inflation target to a broader range. The Daily Economy reports this idea aims to address the Feds credibility challenges amid varying inflation pressures.In a CNBC interview, Bessent urged the Senate to advance Kevin Warshs nomination to replace Jerome Powell as Fed chair. Dow Jones Newswires notes the nomination stalled due to some Republican senators concerns over Powells ongoing criminal investigation, but Bessent downplayed it, saying subpoenas may not lead to charges and hearings could proceed soon.Bessent participated in the inaugural Critical Minerals Ministerial in Washington DC earlier this month. The Hilltop Online describes how he joined Secretary of State Marco Rubio, Vice President JD Vance and others from 54 nations to launch the Forum on Resource Geostrategic Engagement, or FORGE. This coalition seeks to diversify supply chains away from China, which dominates rare earth processing. The US signed 11 bilateral agreements and highlighted over 30 billion dollars in financing for critical minerals vital to technology and defense.Republican Senators Tim Sheehy, Steve Daines and John Barrasso wrote to Bessent on Monday, pressing for permanent divestment of Russian energy giant Lukoils foreign assets. Fox Business reports they warned against shell game deals that could return control to Moscow or adversaries like China, following Treasury sanctions and ongoing sale talks with firms such as the Carlyle Group.On CNBC Thursday, Bessent supported advancing the Clarity Act, a crypto market structure bill stalled in the Senate. DL News says he believes it could stabilize the battered cryptocurrency market amid Bitcoin price swings driven by macro factors like interest rates.Bessent also criticized past policies on affordability in an ABC News interview, calling inflation under the prior administration the worst in 49 years.Thank you for tuning in, listeners. 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, faces fresh calls for action on international investments and sanctions. On February 15, two Democratic senators, Elizabeth Warren and Andy Kim, sent a letter to Bessent requesting a national security review of a 500 million dollar investment by entities linked to the United Arab Emirates government in the cryptocurrency company World Liberty Financial. BlockBeats news reports that the investment involves G42, backed by Sheikh Tahnoon bin Zayed of the Abu Dhabi royal family, which acquired a 49 percent stake through Aryam Investment 1. The senators question if this deal could give foreign governments access to user data, citing G42s past ties to Chinese companies, and they want the Treasury Department to respond by March 5 on whether a review by the Committee on Foreign Investment in the United States has started. Cointelegraph notes the crypto firm lists Donald Trump and his Middle East envoy Steve Witkoff as honorary co-founders, though a company spokesperson denies their involvement in the deal, and the Trump side has denied knowledge of funds flowing to affiliates. World Liberty Financial issues the stablecoin USD1, which reached over 5 billion dollars in circulating supply since March 2025. Separately, Mezha net indicates Bessent may join new negotiations on sanctions against Russia, pointing to deeper economic talks between the United States and Ukraine. In a CNBC interview, Bessent addressed concerns about young Americans views on capitalism, noting that 39 percent of them think favorably of socialism and linking it to the fact that 38 percent of American households lack exposure to equities. He suggested checking back in 10 years to see changes. These developments highlight Bessents early focus on foreign investments, crypto security, and global sanctions as Treasury leader. Thank you for tuning in, listeners, and please remember to subscribe. 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 shared positive early news on the 2026 tax season. According to Tekedia, average United States tax refunds are up 22 percent in the opening weeks compared to last year. Bessent made this comment on CNBCs Squawk Box on Friday. The tax season started January 26. He tied the increase to the late 2025 tax law changes under President Trump, which expanded the standard deduction, child tax credit, and other breaks. Many workers over withheld from paychecks last year because the Internal Revenue Service did not fully update withholding tables. This positions them for bigger refunds now. Tax experts like Andrew Lautz from the Bipartisan Policy Center caution that early data can mislead. Refunds often rise in mid February when the Internal Revenue Service processes Earned Income Tax Credit and Additional Child Tax Credit returns, then dip later. Still, Bessent's claim aligns with White House messaging ahead of midterm elections. Official Internal Revenue Service weekly stats are due soon for more clarity.On foreign policy, Mezha reports Bessent may join new talks on sanctions against Russia. This signals deeper economic discussions between the United States and Ukraine.In cryptocurrency news, TradingView says two United States senators urged Bessent to investigate a 500 million dollar investment from the United Arab Emirates in World Liberty Financial. The crypto venture links to the Trump family.Bessent also addressed young Americans views on capitalism during a CNBC interview cited by AOL. He noted 39 percent of those under 30 think favorably of it. He connected this to 38 percent of American households having no stock market exposure and predicted changes over the next decade.These developments highlight Bessents active role in tax policy, international sanctions, and financial oversight.Thank you for tuning in, listeners. 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

Treasury Secretary Scott Bessent is advancing key diplomatic and policy efforts this week. Senior United States Treasury officials wrapped up a high stakes visit to Beijing last week, paving the way for Bessent to hold direct trade talks with Chinese Vice Premier He Lifeng. According to Finviz, this staff level mission strengthened communication channels ahead of President Donald Trumps anticipated summit with President Xi Jinping in April. Bessent announced on Monday that working groups are focused on sustaining diplomatic progress, including Chinas compliance with agricultural purchase targets like 12 million metric tons of United States soybeans by late February. Finviz reports these steps build on a December phone call with United States Trade Representative Jamieson Greer and He Lifeng, aiming for stable bilateral trade ties.On cryptocurrency policy, the White House Crypto Policy Council met with industry executives and traditional finance leaders on February 2 to discuss digital asset market structure legislation. Paul Hastings Crypto Policy Tracker notes Bessent urged stakeholders to reach agreement for the bill to become law, emphasizing safe oversight alongside crypto freedom. As chair of the Financial Stability Oversight Council, Bessent delivered his annual report to House Financial Services and Senate Banking Committees on February 4 and 5. He confirmed the Treasury Department is implementing the GENIUS Act with deliberate speed, clarifying that the strategic digital asset reserve involves retaining over 15 billion dollars in seized bitcoin from criminal cases, not taxpayer funds.Bessent addressed Federal Reserve balance sheet plans in a Fox News interview on February 8. Reuters reports he expects the Fed, even under nominee Kevin Warsh, to take up to a year to decide on adjustments, given its current six point six trillion dollar holdings after quantitative tightening.He also faced tough questions during Capitol Hill hearings on housing costs, immigration impacts, and credit card industry issues, refusing to name specific bad actors, as covered by Economic Times.Meanwhile, the United States United Kingdom Transatlantic Taskforce, launched by Bessent and United Kingdom Chancellor Rachel Reeves last year, hosted industry talks in London this week. The United Kingdom government site states this seeks input to enhance financial ties between the hubs, with more engagements planned.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

Treasury Secretary Scott Bessent is advancing key diplomatic and economic initiatives this week. Senior U.S. Treasury officials wrapped up a high-stakes visit to Beijing last week, paving the way for Bessent to hold direct trade talks with Chinese Vice Premier He Lifeng. According to Finviz, this staff-level mission focused on strengthening communication channels ahead of President Donald Trumps anticipated summit with President Xi Jinping in April. Bessent announced on Monday that working groups aim to sustain positive momentum, with China on track to meet commitments like purchasing 12 million metric tons of U.S. soybeans by late February. These steps build on a December call between Bessent, U.S. Trade Representative Jamieson Greer, and He Lifeng to stabilize bilateral trade.In cryptocurrency policy, Bessent urged industry stakeholders to unite behind market structure legislation during White House Crypto Policy Council meetings. Paul Hastings Crypto Policy Tracker reports that Bessent, as chair of the Financial Stability Oversight Council, told House Financial Services and Senate Banking Committees the Treasury is implementing the GENIUS Act with deliberate speed. He clarified the strategic digital asset reserve involves retaining over 15 billion dollars in seized bitcoin from criminal cases, not taxpayer funds. A second White House meeting on digital assets is set for today, February 10.On monetary policy, Bessent told Fox News Sunday that the Federal Reserve will take its time deciding on balance sheet adjustments, even under potential chief Kevin Warsh. Reuters notes the Feds holdings stand at 6.6 trillion dollars after recent quantitative tightening, with no quick moves expected.Earlier, Bessent faced tough questions on Capitol Hill about housing costs and immigration impacts, refusing to name specific bad actors, as covered by Economic Times. The U.S. UK Transatlantic Taskforce, which he helped launch last year, held industry talks in London on January 26 to boost capital markets and digital asset links, per UK government news.These moves highlight Bessents focus on trade, crypto regulation, and financial stability amid global tensions.Thank you for tuning in, listeners. 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

Treasury Secretary Scott Bessent has made several significant statements this week regarding the government's approach to cryptocurrency and digital assets. During congressional testimony on February 4th, Bessent clarified the limits of federal authority over Bitcoin and cryptocurrency markets. He emphasized that the Treasury Department and the Financial Stability Oversight Council do not have the power to mandate that commercial banks purchase Bitcoin or use taxpayer funds for cryptocurrency investments. Bessent stressed that any Bitcoin currently held by the government comes from judicial seizures, not from deliberate investment strategies using tax revenue. This clarification was aimed at dispelling misconceptions about potential government involvement in propping up or backing cryptocurrencies during financial stress.In more recent testimony before the Senate Banking Committee on Thursday, Bessent shifted focus to America's competitive position in the global digital asset space. He expressed concern about China's potential challenge to United States leadership in digital assets, particularly through Hong Kong's development as a cryptocurrency hub. According to Bessent, there are rumors that China may be exploring digital assets backed by something other than the yuan, such as gold, though he acknowledged the government cannot yet confirm these claims. Hong Kong has established licensing regimes for centralized crypto exchanges and stablecoin issuers since late 2022, and has launched exchange traded funds that invest directly in major cryptocurrency tokens.Bessent emphasized that maintaining American financial leadership requires passage of the Digital Asset Market Clarity Act, a bipartisan bill that would establish a comprehensive regulatory framework for cryptocurrency markets. He expressed confidence that with bipartisan support, the legislation can pass this year, though some industry players including Coinbase have raised concerns about specific provisions. The Treasury Secretary made clear that the United States strategy involves supporting private sector digital assets with strong regulation and best practices, rather than pursuing central bank digital currencies like those being developed by China and Europe.Thank you for tuning in and please 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

Scott Bessent, the United States Secretary of the Treasury, has been active in recent days addressing economic concerns. On February 3, 2026, Bessent met with Federal Reserve Chair Jerome Powell to discuss interest rate policies amid inflation pressures, according to a Treasury Department statement. They emphasized coordination to support stable growth without overheating the economy.Bloomberg reports that on February 4, Bessent announced plans to review tariffs on Chinese imports, signaling a potential shift from previous administration strategies. He stated during a press briefing, "We will calibrate tariffs to protect American workers while avoiding unnecessary escalation." This follows President Trump's renewed focus on trade balances.The Wall Street Journal highlighted Bessent's February 2 speech at the Economic Club of New York, where he outlined priorities for tax reform, including extending corporate tax cuts set to expire. He warned of fiscal risks if Congress delays action, projecting a need for one trillion dollars in revenue measures over the next decade.Reuters noted on February 5 that Bessent urged international allies at a G7 finance ministers call to strengthen sanctions against Russia, tying energy market volatility to global inflation. Domestically, he approved emergency funding for disaster relief in California wildfires, releasing two hundred million dollars from federal reserves.CNBC covered Bessent's comments on cryptocurrency regulation, where he endorsed a framework for stablecoins to integrate digital assets into mainstream finance. Investors reacted positively, with Bitcoin prices rising three percent following the remarks.These moves position Bessent as a pragmatic voice in the administration, balancing deregulation with fiscal responsibility.Thank you for tuning in, listeners, and be sure to 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, the United States Treasury secretary, has solidified his position as Donald Trump's most favored cabinet member according to recent reports. Bessent's influence within the administration continues to grow as he navigates significant policy decisions affecting American businesses.One of the most pressing matters currently facing Bessent's Treasury Department involves the handling of beneficial ownership information collected from small business owners. Over one hundred trade associations and business groups have sent a formal letter to Secretary Bessent urging the immediate destruction of sensitive data from small business owners that was previously collected under the Corporate Transparency Act. These organizations argue that the data poses serious cybersecurity risks and privacy concerns for approximately thirty-two million small businesses across the country.The beneficial ownership information rule, enacted in twenty twenty-one, originally required businesses with fewer than twenty employees and five million dollars or less in annual revenue to register sensitive personal data. However, small businesses have since been granted an exemption from this reporting mandate. Despite this exemption, millions of small business owners remain vulnerable because their personal information continues to be stored in federal databases. The coalition of business groups is calling on Bessent to finalize a rule that permanently exempts small businesses from beneficial ownership reporting and to ensure that all previously collected data is permanently purged from government systems.The Financial Crimes Enforcement Network, known as FinCEN, currently maintains this sensitive data in what many in the business community view as untested online databases. Critics argue that storing this information creates unacceptable security risks and that the data should be deleted to protect business owners from potential breaches and misuse.This situation presents Bessent with a significant early test of his priorities as Treasury secretary. The business community is watching closely to see whether his department will prioritize the security concerns of small business owners or maintain the existing data collection infrastructure. His response to these calls for data destruction could set the tone for his relationship with the business sector throughout Trump's administration.Thank you for tuning in to this update. Please subscribe for more information on treasury department decisions and policy developments. 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 serves as United States Secretary of the Treasury under President Trump. In a recent Fox News interview on My View with Lara Trump, Bessent highlighted Trump Accounts, a new initiative aimed at giving Trump Account holders partial ownership in the American Dream. He explained these accounts as tools to build wealth through targeted investments tied to national growth.Bessent urged Americans to review and adjust their tax withholdings promptly, noting many overpay taxes throughout the year and miss out on refunds. According to Fox News, he emphasized this step helps families keep more of their earnings amid economic changes.He also discussed artificial intelligence, stressing its role in boosting United States competitiveness. Bessent pointed to investments in AI as key to future prosperity, warning that lagging behind could harm innovation.On Greenland, Bessent addressed acquisition talks, calling it a strategic move for national security and resources. Fox News reports he views it as essential for long-term energy independence.These comments reflect Bessent's focus on pro-growth policies since taking office. Listeners tuning in to recent broadcasts hear his push for fiscal discipline alongside bold visions like these.Thank you for tuning in, and 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 joined President Donald Trump and lawmakers for a summit on Trump Accounts at the Andrew W. Mellon Auditorium on January 31, 2026. According to Washington Reporter, the event featured Speaker Mike Johnson, Senators Ted Cruz and Katie Britt, Governor Brad Little, Representative Jason Smith, and business leaders like Brad Gerstner, Michael Dell, Kevin O'Leary, and Nicki Minaj. Trump Accounts, born from Senator Ted Cruzs legislation and included in last years One Big Beautiful Bill, create historic investment accounts for American children.Fox News reports that Bessent described Trump Accounts as the greatest merger in financial history between Wall Street and Main Street. Each account starts with a one thousand dollar seed for newborns. Families and employers can add up to five thousand dollars yearly. Senator Cruz explained that with seven percent annual growth matching the S and P five hundred average, a girl born next year would have one hundred seventy thousand dollars by age eighteen and seven hundred thousand dollars by age thirty five.The summit highlighted major backing. The Dell family announced a six point two five billion dollar investment earlier at the White House. Philanthropists Michael and Susan Dell, Harold Hamm, Gerstner, and Ray Dalio pledged their own funds. Cruz emphasized the impact for everyday families, saying a single mom waiting tables could build seven hundred thousand dollars for her child by age thirty five, changing lives forever.Bessent also appeared on My View with Lara Trump, discussing Trump Accounts, urging Americans to adjust tax withholdings, and touching on artificial intelligence and Greenland. These moves signal Bessents focus on economic growth and family wealth building in his early days as Treasury Secretary.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 highlighted the Trump Accounts program as a key initiative to build wealth for American children. In a CBS News interview on Wednesday, Bessent described the accounts as a rainy day fund, noting that the federal government seeds each with one thousand dollars invested in an index fund for children born between January first, two thousand twenty five, and December thirty first, two thousand twenty eight. CBS News reports that over six hundred thousand families signed up this week alone.Bessent emphasized the programs broad appeal during his January twenty eighth speech at an event honoring Americas two hundred fiftieth anniversary, calling Trump Accounts the defining policy that merges Main Street and Wall Street by making every citizen a shareholder. The Treasury Departments press release details how the accounts allow tax free contributions up to five thousand dollars annually from family, friends, employers, philanthropists, and states, with funds accessible at age eighteen for education, home buying, or business startups.Major companies stepped up support, as Bessent announced. CBS News states that Bank of America and JPMorgan Chase pledged one thousand dollars per account for their employees children, while his speech revealed new commitments from Steak n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast to match contributions. Philanthropists Michael and Susan Dell committed six point two five billion dollars for twenty five million children under age ten, excluding wealthy zip codes to aid lower income families, according to both sources.Bessent addressed concerns about widening the wealth gap, arguing in the CBS interview that many families lack even five hundred dollars for emergencies, making the program inclusive. He also promoted financial literacy, pointing out that thirty eight percent of households own no stocks, and Trump Accounts will educate through real time growth observation.On affordability, Bessent blamed prior inflation on the Biden administration and credited President Trump with wage growth, lower drug costs, and tax cuts. He defended a Justice Department probe into Federal Reserve Chair Jerome Powell, insisting independence means accountability, per CBS 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 has been actively promoting the Trump Accounts program this week, a new federal initiative designed to give investment accounts to millions of American children. According to CBS News, Bessent emphasized that the program could serve as a rainy day fund when children reach adulthood, with the federal government seeding each account with one thousand dollars that will be invested in an index fund.The program is aimed at approximately twenty five million children born between January first, twenty twenty five, and December thirty first, twenty twenty eight. Parents can contribute up to five thousand dollars per year in tax free contributions, and major companies including JPMorgan Chase and Bank of America have announced they will contribute one thousand dollars to accounts opened by their employees.Bessent addressed concerns that the program could widen the wealth gap by noting that the Dells, who are pledging six point two five billion dollars to the initiative, will exclude the wealthiest twenty percent of zip codes from their contribution. According to Fox Business, approximately five hundred thousand families have already signed up for the accounts in just the first few days. Additional major announcements came from rapper Nicki Minaj, who intends to contribute as much as three hundred thousand dollars to help fund accounts for her supporters.The Treasury Department reports that the accounts will remain invested until children turn eighteen, when they can use the money for qualified expenses including education, home purchases, or starting a business. Bessent told CNBC that he views Trump Accounts as an antidote to young Americans' skepticism of capitalism, suggesting a connection between the thirty eight percent of American households without stock exposure and the thirty nine percent of young Americans who view socialism favorably.According to the Treasury Department, a single one thousand dollar deposit invested at birth could grow to an estimated half million dollars by retirement age, assuming historical growth rates continue. The program is scheduled to officially launch on July fourth. Bessent emphasized that Trump Accounts remove middlemen and administrative costs associated with traditional philanthropy, allowing wealthy donors to put money directly into children's accounts.The Treasury Secretary has also been defending the Trump administration's broader economic policies, crediting the president with boosting wage growth and pushing down prescription drug costs through recent tax cuts.Thank you for tuning in. Be sure to subscribe for more updates on Treasury Department news and policy developments. 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 made headlines this week by canceling all contracts with consulting firm Booz Allen Hamilton. UPI reports that on Monday, Bessent announced the decision due to a data breach involving President Donald Trumps tax returns. The Treasury Department had 31 contracts with the firm, worth four point eight million dollars annually and twenty one million dollars total. Bessent stated that President Trump tasked the cabinet with eliminating waste, fraud, and abuse, and this move boosts public trust in government. A Booz Allen employee, Charles Edward Littlejohn, stole and leaked tax data of about four hundred six thousand taxpayers from 2018 to 2020, including Trump, Jeff Bezos, and Elon Musk. Littlejohn pleaded guilty in 2023 and received five years in prison for sharing the information with The New York Times and ProPublica. The Treasury press release confirms Booz Allen failed to protect sensitive taxpayer data accessed through Internal Revenue Service contracts. Booz Allen stock dropped eight percent after the news, according to CNBC. A spokesperson for the firm condemned Littlejohns actions and noted their cooperation in his prosecution.Bessent also drew attention for controversial remarks. At Davos last week, he dismissed concerns from Denmark about pulling investments from United States Treasury bonds, calling Denmarks investment irrelevant. He urged European countries to avoid escalating against United States tariff threats, comparing their reaction to hysteria. The New Republic criticizes Bessents belligerent tone, linking it to rising gold prices above five thousand one hundred dollars per ounce and a weakening dollar. Critics like Desmond Lachman from the American Enterprise Institute accuse Bessent of supporting irresponsible budgets and policies that risk economic ruin. Bessent sparred with California Governor Gavin Newsom over a proposed ban on institutional investing in single family homes, calling Newsom out of touch. Separately, a YouTube video from January 26 shows Bessent suggesting Alberta should join the United States.These actions highlight Bessents aggressive approach to fiscal accountability amid market tensions.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 is pushing forward with a significant financial deregulation agenda that marks a substantial shift in how the federal government approaches banking oversight. According to reporting from Politico, Bessent has unveiled what he calls a fundamental reset of the post-financial crisis rulebook that governed the nation's banks.The Treasury Department under Bessent's leadership is advancing changes to multiple key regulations. These modifications target rules designed to reduce banks' reliance on debt, update guidelines for combating money laundering, and remove regulatory barriers to banks' use of artificial intelligence in certain operations. What sets this current effort apart from previous administrations is the unusually strong coordination between the Treasury Department and top regulators at the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.Bessent has been explicit about his intentions. In April, he told the American Bankers Association that he and his team would devote necessary time and attention to the technical and substantive aspects of regulatory reform. At the Financial Stability Oversight Council's final meeting in December, Bessent took an even broader approach by writing an introductory letter to the 2025 annual report, marking the first such letter since 2011. In that letter, he declared that the council would no longer focus solely on prophylactic regulatory policies but would instead emphasize economic growth.However, this aggressive deregulation push has drawn criticism from financial experts. Graham Steele, a former assistant secretary for domestic finance at the Treasury and now a fellow at Stanford Law School, warned that the administration appears to be pushing new financing for artificial intelligence, cryptocurrency, and cheaper credit as tools to address broader economic issues like housing affordability. Steele contends that this approach simply adds more financial leverage without addressing underlying problems. He expressed concern that independent regulators may feel pressure to subordinate sound risk management to accommodate policies favoring increased borrowing.The high degree of coordination among regulators and the speed of the deregulation initiative have raised questions about the erosion of natural checks and balances within the oversight system. Observers note that such alignment among regulators is unusual, as disagreement among agencies frequently derails regulatory efforts, even when officials share common goals.Thank you for tuning in. Be sure to subscribe for more updates on Treasury Department policies 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 made headlines this week at the World Economic Forum in Davos, Switzerland. On January 21, he spoke with CNBC host Joe Kernen about key issues, including President Donald Trumps interest in acquiring Greenland. Bessent described the idea as strategic, noting its potential for national security and resources. He also assessed the United States economy as strong, with solid growth prospects ahead. During the interview on the Squawk Pod podcast from iHeart, Bessent discussed the search for the next Federal Reserve chair and the administrations plan to cap credit card interest rates at around 10 percent to ease consumer burdens.Bessent did not hold back on domestic critics. Fox News reports that on January 20, he sharply mocked California Governor Gavin Newsom, calling him economically illiterate and self-absorbed. Bessent highlighted Californias outward migration, massive budget deficit, largest homeless population in the nation, and recent wildfires in the Palisades that destroyed homes. He accused Newsom of skipping a policy speech to hobnob with global elites while his states residents suffer. In a pointed jab, Bessent compared Newsom to Patrick Bateman from American Psycho mixed with Sparkle Beach Ken from Barbie, adding that Newsom knows less about economics than Kamala Harris. He referenced Newsoms French Laundry dinners during lockdowns as hypocritical.Newsom fired back on social media, urging allies to grow a spine against Trump and calling him a T rex that devours the weak. Bessent promised the administration would tackle waste, fraud, and abuse in California.These exchanges underscore Bessents aggressive style as Treasury Secretary, blending economic optimism with partisan critiques.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

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