Treasury Deputy Secretary
@TreasuryDepSec
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The official X account for the Deputy Secretary of the @USTreasury
Joined March 2021
Happy 235th birthday to the U.S. Coast Guard! 🇺🇸 Born as the Revenue Cutter Service under Alexander Hamilton and the Treasury Department in 1790, the Coast Guard was initially created to enforce tariff and trade laws. The brave men and women of the Coast Guard have proudly
On this Coast Guard Day, we salute the brave members of the U.S. Coast Guard! Since 1790, the Coast Guard has answered the call to respond in crisis, facilitate commerce, and secure our borders and maritime approaches.#uscg #alwaysready @DHSgov
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I had the privilege of swearing in Treasury’s new @UnderSecTFI, John Hurley. John’s extensive private sector experience, military service, and previous service on President Trump’s Intelligence Advisory Board make him uniquely qualified to serve the American people in this very
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The economy is strong. Inflation is falling. Trade deals are working. Investment is up. But the Fed is still holding rates high with no justification — even their own governors admit there’s room to cut. It's time to stop choking growth. It’s time to reduce rates.
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The Democrats spent years telling you the inflation-ridden Biden economy was working. Now they claim President Trump’s booming economy isn’t — even as consumer spending climbs, businesses invest, and trade deals deliver. The Golden Age is just getting started.
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Today, in its largest Iran-related action since 2018, Treasury is sanctioning more than 115 individuals, entities, and vessels that make up a vast shipping empire controlled by Mohammad Hossein Shamkhani, son of a top political advisor to the Supreme Leader. This network
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Innovation fuels the American spirit, but it needs forward-thinking regulation to thrive. @POTUS is providing the certainty entrepreneurs & investors need. In @WashingtonPost, I discuss how he's positioning the U.S. as the crypto capital of the world:
washingtonpost.com
The Trump administration is making America the “crypto capital of the world.”
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Are you tired of winning yet? 🇺🇸
WELCOME TO THE GOLDEN AGE ✨ Thanks to the leadership of @POTUS, the U.S. has generated over $150B in tariff revenues within the past 6 months. 💸
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Inflation remains tame and consumer confidence is soaring because the American people trust President Trump to put America First and rebalance our economy and global trade.
cnn.com
The Trump administration’s trade agreements with a handful of countries are helping Americans feel somewhat more confident about the economy’s health and its future.
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Last week, we hosted a Big Beautiful Breakfast with House and Senate staffers to thank them for their hard work on the development and passage of the One Big Beautiful Bill. I also want to thank the tax team here @USTreasury for their tireless efforts toward realizing President
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Inflation has fallen to a four-year low, consistently coming in below expectations since @POTUS took office. Through tax certainty, deregulation, and strong trade agreements, this administration is delivering results. President Trump’s full agenda is fundamentally
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The CapEx Comeback is in full swing: "President Trump’s 'big, beautiful bill' has sparked an investment surge across American businesses."
foxbusiness.com
The "big, beautiful bill" is driving what the Trump admin is calling a "capex comeback" with business capital expenditures amid changes in the ability to expense some investments.
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The CapEx Comeback is a direct result of the fundamental shifts in economic policy envisioned by @POTUS. This administration is creating enormous incentives for domestic investment.
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The Iran-backed Houthis collaborate with opportunistic businessmen to reap enormous profits from the importation of petroleum products and to enable the group’s access to the international financial system. Today, @USTreasury is sanctioning two individuals and five entities that
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Business equipment production is up nearly 17% annualized through the first half of the year—the fastest pace since 1997. This CapEx Comeback was jumpstarted by the OBBB, which made investment spending retroactive to Inauguration Day. Higher capital investment drives
Thanks to @POTUS’s pro-growth, America First agenda, we’re seeing a CapEx Comeback. Business equipment production jumped 11% annualized in Q2 after a huge 23% gain in Q1 — the strongest back-to-back growth since 1997. CapEx is up 16.6% in the first half of 2025, signaling a
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With the GENUIS Act now law, a new era of transactions is here. Stablecoins backed by U.S. Treasury bills will modernize global payments. This is a game-changer for trade, with the potential of trillions of dollars in additional investments in global finances that will boost
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Blockchain technologies will power the next generation of payments, and the U.S. dollar is coming onchain. Thanks to President Trump’s visionary leadership, and @SenatorHagerty's important work in Congress, the GENIUS Act will help cement the U.S. dollar as the global reserve
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With the GENIUS Act providing legal clarity on stablecoins, we now have a faster, cheaper, and more secure way to trade. This boosts global acceptance and demand for dollar-backed digital payments, reinforcing @POTUS’s promise to make the U.S. the Crypto Capital of the World.
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The GENIUS Act provides much needed regulatory clarity for the use of stablecoins in modernizing our payment systems. This is a great day for the American people and further cements the dollar as the world’s reserve currency.
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President Trump promised to make America the “crypto capital of the world.” @HouseGOP’s actions today to pass the CLARITY Act and send GENIUS to the President’s desk keep that promise. @RepFrenchHill and @CongressmanGT should be commended for their leadership, and I look forward
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Thanks to the One Big Beautiful Bill, hardworking Americans will see tax relief on their overtime and tipped wages. Treasury is moving swiftly to implement, and these deductions are available regardless of the payment method.
foxbusiness.com
The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped income and overtime pay in the One Big Beautiful Bill Act.
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