Treasury Secretary Scott Bessent
@SecScottBessent
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79th United States Secretary of the Treasury
Joined February 2025
Today at @WhiteHouse, @POTUS convened a solemn yet inspirational meeting with the survivors of the horrific October 7 attacks and their families. We heard their firsthand accounts of the atrocities experienced on that day and over the past two years. Thanks to President Trump’s
PROMISES MADE, PROMISES KEPT. Today, President Donald J. Trump met with freed Israeli Hostages: "You’re not a hostage anymore…today you’re HEROES."🎗️🇺🇸
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Today’s action continues Treasury’s campaign to cut off funding for the Iranian regime’s development of nuclear weapons and support of terrorist proxies. Disrupting the Iranian regime’s revenue is critical to helping curb its nuclear ambitions.
Today, Treasury’s Office of Foreign Assets Control is sanctioning a network of front companies and shipping facilitators that bankroll the Iranian armed forces by selling crude oil, which Iran’s military has increasingly come to rely on. OFAC today is also targeting six vessels,
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Under President Trump’s leadership we are enforcing the law and preventing illegal aliens from claiming tax benefits intended for American citizens. Treasury’s Office of Tax Policy and the Internal Revenue Service have worked tirelessly to advance this initiative and ensure its
The U.S. Department of the Treasury announced today that it will issue regulations concerning the treatment of certain refundable individual income tax credits under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA).
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America’s economy continues to defy expectations. 119,000 new jobs in September — the strongest gain since April. The American worker is resilient, and our America First policies are driving a comeback built on strength, jobs, and opportunity.
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Yesterday showed the sources of American power: our military might, our world-leading economy, and our unmatched innovation. The United States under President Trump’s leadership is the premier destination for investment and partnership across the globe.
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This week, I signed several landmark frameworks for enhanced cooperation between the United States and the Kingdom of Saudi Arabia. As part of President Trump’s historic Strategic Economic Partnership with Saudi Arabia, these new arrangements further his foreign policy vision
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Thanks to the One Big Beautiful Bill, every American child born over the next three years will receive a government investment account that grows in the stock market. When these young Americans turn 18, they will be able to access this account, learning the power of compounding
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Democrats caused an affordability crisis through reckless spending that led to record inflation and hurt the American people. President Trump’s policies of deregulation and private-sector growth are reversing this trend. Inflation is curving down, real incomes are rising, and
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Thank you, Chairman @RepArrington, for inviting me to join the @HouseBudgetGOP today to discuss the historic reforms of the One Big Beautiful Bill and this administration’s America First achievements, which are powering our economic comeback.
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President Trump has driven $20 trillion in new investments so far — the largest in American history. By comparison, the Biden administration brought in only $1 trillion over a four-year period. President Trump is laying the foundation for a Golden Age economy, with investment
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Finally @SenWarren and I can agree on something.
New: Sen. Elizabeth Warren tells me Harvard should sever ties with Larry Summers, putting new pressure on the school to hold Summers accountable for his intimate friendship with Jeffrey Epstein. Summer "cannot be trusted" to teach students, she says: https://t.co/pKq1WQv4ch
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Our Administration inherited a terrible inflation crisis, and we are working every day to turn it around. Energy prices are falling and interest rates are coming down. But what will truly make a difference is real purchasing power rising because of this Administration’s
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Treasury is focused on strengthening the financial foundation young Americans need to become independent and self-sufficient. Foster youth often face barriers that limit access to safe financial tools and reliable guidance. In support of the President’s Executive Order and the
This Executive Order, “Fostering the Future for American Children and Families” gives me tremendous pride. It is both, empathetic and strategic. It will certainly be impactful.
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Yesterday marked a historic moment with the striking of the last penny at @USMint in Philadelphia yesterday. As we continue to improve efficiency across the government and deliver on President Trump’s campaign promises, this milestone will save American taxpayers upwards of $56
As public servants, it’s our responsibility to steward public resources with prudence and transparency. However, over the last decade, the American taxpayer has been repeatedly shortchanged. Over the last 10 years, production costs for a single penny have nearly tripled while
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Thanks to the leadership of @POTUS, @SpeakerJohnson, and @LeaderJohnThune, the government is open for business again. Federal employees can return to serving the American people, and critical programs at @USTreasury—like the implementation of the One, Big, Beautiful Bill—are
SIGNED & DELIVERED: President Trump signs bill reopening the government. 🇺🇸 For 43 days, Democrats shut down the government, trying to extort billions from taxpayers for illegal aliens. Today's message: Republicans won't give in.
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Today I attended the final penny strike, symbolizing the end of penny production and the return of common sense. Each year the U.S. loses millions producing pennies as their demand plummeted. @POTUS and his Administration are here to deliver effective government reform.
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I was pleased to join @NewYorkFed’s U.S. Treasury Market Conference to discuss these efforts. Full remarks:
home.treasury.gov
Parallel Prosperity: Strengthening the Treasury Market to Build America’s Golden AgeIntroductionGood morning. It’s an honor to be here.To begin, I would like to thank the New York Fed for hosting...
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President Trump is ushering in a new era of Parallel Prosperity—a decade of economic expansion where Wall Street and Main Street grow together. Maintaining a strong and robust Treasury market is critical to that goal. The Treasury market today is the deepest and most liquid
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The shutdown was never about healthcare for Democrats—it was about stopping President Trump’s agenda at any cost. And they were willing to waste tens of billions of taxpayer dollars to do it. Meanwhile, the economy is thriving with 3.8% growth, and we’re on track to accelerate
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Last week, I visited my hometown of Charleston, SC, where a new Boeing plant is creating 1,000 jobs. I also toured a rare earth plant in Sumter, SC, which is bringing 300 permanent jobs, with the potential for 3,000 more. These are just a few examples of @POTUS' efforts to
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