Scott Bessent

Bessent Warns of ‘Socialist Hellscape’ If Democrats Take Power

Treasury Secretary Scott Bessent touted President Donald Trump’s economic record Wednesday night at the Republican National Committee’s Midterm Convention while issuing a stark warning about what he says Democrats would do if given control of Congress.

Looking to the future, Bessent said that in order to honor the first 250 years of the United States, Americans must “meet the obligations of the next.” “Our obligation begins by making this country work again for the very people who sustain it,” Bessent said.

The treasury secretary went on to highlight what he described as some of Trump’s biggest economic accomplishments:

• “He signed the largest tax cuts in history, rebalanced trade in favor of our working families, and reclaimed our position as the world’s energy superpower,” said the treasury secretary.
• Bessent also emphasized Trump Accounts, tax-advantaged investment accounts for children that include a $1,000 federal contribution for eligible newborn U.S. citizens.
• “Where his predecessors created debt and dependency, this president is creating assets and expanding ownership through Trump Accounts, the most transformative program for young people since the GI Bill.”
• He then contrasted the Trump administration with former President Joe Biden’s, pointing to high inflation, problems at the southern border, declining domestic energy production, and overregulation as problems he says Trump has worked to reverse.

Read more of one of the top speeches of the Convention

Cut financial ties to Iran or face consequences

Bessent warns the world to cut financial ties to Iran or face US retaliation

Treasury Secretary Scott Bessent said Monday that new U.S. secondary sanctions in the pipeline aim to block all potential sources of revenue for Iran, telling nations to cut economic ties to Tehran or face U.S. retaliation.

Bessent added it’s “no longer acceptable to operate in the gray spaces” of Iran conflict as US threaten sanctions against Tehran’s trade partners.

The treasury secretary did not name what countries could face potential secondary sanctions from the United States, but China, Turkey and the United Arab Emirates are Iran’s largest trade partners.

“Let there be no ambiguity as to the position of the United States,” Bessent said at a Monday afternoon news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

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Time To Expose The Fraud...

Scott Bessent Drops The Hammer

New Rule Could Pay Tipsters 10-30% to Expose Fraud and Drain the Taxpayer Swamp

On March 30, 2026, Treasury Secretary Scott Bessent delivered another powerful blow against the federal fraud machine — and this time, he’s turning everyday Americans into paid fraud fighters.

FinCEN — the Financial Crimes Enforcement Network — proposed a new rule that will reward whistleblowers with 10% to 30% of penalties collected in successful enforcement actions, provided those penalties exceed $1 million. The targets are clear: Bank Secrecy Act violations, sanctions evasion, and large-scale fraud schemes that have been looting taxpayer dollars for far too long.

And here’s the best part for every working American: these rewards will come directly from the fines and penalties recovered — not from new taxes on honest citizens. The fraudsters and money launderers get to foot the bill for their own exposure.

Tips can be submitted confidentially through the dedicated whistleblower portal at fincen.gov/whistleblower. No need to go public, no risk of retaliation — just deliver the facts and let FinCEN investigators take it from there.

The response has already been overwhelming. Since the whistleblower portal launched, over 700 leads have poured in. Banks are stepping up too, filing 20% more suspicious activity reports as scrutiny intensifies.

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Global Tariffs soon to start

Bessent: 15 Percent Global Tariff Starts This Week

Treasury Secretary Scott Bessent said on Wednesday that an increase in President Donald Trump's new temporary global import tariff to 15% from 10% was likely to be implemented sometime this week.

The new tariff rate was announced by Trump in late February after the Supreme Court struck down his previous global tariffs under a national emergencies law. He initially imposed the 150-day tariffs under Section 122 of the Trade Act of 1974 at a lower 10% rate.

"That's likely sometime this week," Bessent said on CNBC of the 15% rate order from Trump.

"During the 150 days, we will see studies from USTR on Section 301, tariffs from Commerce on Section 232," he said, referring to other tariff authorities that have withstood court challenges.

He said the effort to rebuild Trump's tariff program under these authorities would bring U.S. duty rates back to their prior levels within five months.

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Rooting out Fraud and Corruption

Supreme Court holds Trump's economic strategy hostage

Scott Bessent just called out the Supreme Court with one phrase that changes everything

Democrats and judges team up to sabotage American jobs

Treasury Secretary Scott Bessent told Fox Business that two major decisions are coming in January that will shape the future of Trump's America First agenda.

But it's the Supreme Court ruling on tariffs that has Bessent sounding the alarm. "Economic security is national security," Bessent told Maria Bartiromo. "So this ruling is really a national security ruling and if they rule against the administration, they will be ruling against national security."

The stakes couldn't be higher. Two companies – an educational toy manufacturer and a wine importer – are challenging Trump's tariffs all the way to the nation's highest court. They claim Trump overstepped his authority under the International Emergency Economic Powers Act when he imposed the duties.

Never mind that those duties have already generated $215.2 billion in revenue in fiscal year 2025 and another $71 billion since October. Trump brought back hundreds of billions of dollars flowing into American coffers while protecting jobs from unfair foreign competition.

But a few activist judges decided they know better than the President about what constitutes a national emergency.

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Scott Bessent and the New York Times interview

Scott Bessent Humiliated New York Times With Two Words About Biden That Left Them Speechless

Treasury Secretary Scott Bessent walked into the belly of the beast on Wednesday when he appeared at the New York Times' DealBook Summit at Lincoln Center in New York City.

The Times brought in moderator Andrew Ross Sorkin expecting a typical Washington, D.C. interview where a Cabinet official would politely dodge questions and stay on message.

Instead, Bessent delivered a blistering takedown of the so-called "paper of record" while standing on their own stage. When Sorkin tried to set up a question about whether America had entered a "new normal" under President Trump, Bessent cut him off at the knees.

"Andrew, there's no new normal," Bessent fired back. "I actually don't read the New York Times anymore… occasionally people send me articles, and there's just this fever swamp."

The Treasury Secretary didn't stop there. "You know, in 20, 30, 40, 50 years — The New York Times is no longer the paper of record," Bessent stated.² The newspaper recently published a hit piece claiming Trump was "slowing down" and questioning his "mental capacity."

Bessent called it "100% fake" and joked about Trump's relentless schedule: "He only called me twice at 2 in the morning last week, instead of three times."

These journalists covered for Biden's obvious decline for years. Now they're obsessed with scrutinizing every Trump appearance for signs of fatigue.

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Tariff Powers Rooted in Solid Law

Bessent expresses confidence in Trump tariff plans even amid challenge before SCOTUS

Treasury Secretary Scott Bessent just dropped a bombshell at the New York Times DealBook Summit, asserting that the Trump administration’s tariff agenda is unstoppable, the U.S. Supreme Court be damned, as CNBC reports.

At the heart of this story, Bessent confidently predicted that the administration can push forward with its trade policies using existing legal tools, even if a pending Supreme Court ruling on tariff authority goes south.

Let’s rewind to Bessent’s bold stance during his onstage interview, where he laid out a legal roadmap for tariffs that sounds like a conservative’s dream come true. He pointed to the 1962 Trade Act, specifically sections 301, 232, and 122, as giving the president near-unchecked power over import duties.

Section 122, Bessent noted, allows tariff authority for up to 150 days, while the other sections offer broader, less time-bound muscle. This isn’t just posturing; it’s a calculated strategy to keep the pressure on trading partners without tripping over judicial hurdles.

“We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” Bessent declared during the summit interview with host Andrew Ross Sorkin.

Well, that’s a mic drop for anyone fretting over legal setbacks—sounds like the administration’s got a backup plan thicker than a policy wonk’s binder.

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Illegal Aliens and Federal Benefits

Scott Bessent Looks to Cut Off Tax Benefits for Illegal Migrants

Treasury Secretary Scott Bessent on Friday announced his department will look to cut off federal benefits to illegal aliens.

In a message posted to X, Bessent said the Treasury would execute President Donald Trump’s order, which was posted across social media on Thanksgiving and took aim at a range of issues, including the “refugee burden” on America, which Trump blamed for “social dysfunction…something that did not exist after World War II.”

Trump has reacted strongly to the shooting of two West Virginia National Guard members and the subsequent death of Specialist Sarah Beckstrom, blaming illegal immigration and the wider immigrant population for troubles in the United States– something he has done throughout both his administrations and one of the reasons for enacting the largest deportation operation in U.S. history.

Trump in his Thanksgiving message heavily criticized immigration policy in the U.S. and the benefits those immigrants receive.

Particularly, Trump described how “a migrant earning $30,000 with a green card will get roughly $50,000 in yearly benefits for their family.”

Read more at Newsweek

$2,000 Tariff checks next year?

Bessent Suggests Americans Save $2,000 Tariff Checks When Asked About Inflation

Treasury Secretary Scott Bessent suggested that Americans save the proposed $2,000 tariff checks rather than spend the money to avoid inflationary effects.

Bessent made the comments on Fox News when asked by host Bret Baier whether sending the checks to most Americans would increase inflation.

"Maybe we could persuade Americans to save that, because one of the things that's going to happen next year" is the start of "Trump Accounts" to save for kids, Bessent replied.

Bessent was referring to a House GOP proposal backed by President Donald Trump that would create tax-deferred investment accounts — coined "Trump Accounts" — for babies born in the U.S. over the next four years, starting them each with $1,000.

At age 18, they could withdraw the money to put toward a down payment for a home, education, or to start a small business. Individuals can contribute to the account until the year the beneficiary turns 18. The maximum annual contribution will generally be $5,000 and this amount will be indexed to inflation beginning in 2028.

Trump on Monday said he wants to issue tariff checks to "moderate income, middle income" Americans by mid-2026.

William Dickens, a professor emeritus of economics and public policy at Northeastern University, says $2,000 "would help support the economy" if the U.S. were to enter a recession and would have little to no impact on prices.

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Zelensky has come to his senses - Agrees to Mineral Deal

Yulia Svyrydenko, Ukrainian politician currently serving as First Vice Prime Minister of Ukraine and simultaneously Minister of Economic Development and Trade of Ukraine since November 4, 2021

US and Ukraine Sign Memorandum on Minerals Deal

Ukraine's government has announced the signing of the outline of a minerals deal between the war-torn country and the US.

Economy Minister Yulia Svyrydenko,  said the memorandum of intent paved the way for what she called an economic partnership agreement.

She said a final deal would also involve an investment fund for the reconstruction of Ukraine. US officials expressed hope that an accord could be completed by the end of next week.

Donald Trump's public shouting match with Ukrainian President Volodymyr Zelensky at the White House in February had temporarily blown the negotiations off course.

Svyrydenko announced the signing of the memorandum on X but not did not provide further details. Her post included photos of she and US Treasury Secretary Scott Bessent signing separately.

"We are happy to announce the signing, with our American partners, of a Memorandum of Intent, which paves the way for an Economic Partnership Agreement and the establishment of the Investment Fund for the Reconstruction of Ukraine," Svyrydenko wrote.

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