Scott Bessent - News and Info Tracker

Over the past few days, Treasury Secretary Scott Bessent has made major headlines with a series of impactful decisions and public appearances. In a high-profile meeting with the Business Roundtable, Bessent stressed the administration’s commitment to making the Trump tax cuts permanent, telling top CEOs that keeping taxes low is common sense and key to economic growth. The expiring provisions from the 2017 Tax Cuts and Jobs Act, if not renewed, could lead to trillions of dollars in tax increases for Americans, a scenario Bessent made clear he wants to avoid. He emphasized that finding a solution this year is crucial as current tax rules for individuals and small businesses expire at the end of December 2025.Bessent has also been central in driving U.S. rare earth independence. In Sumter, South Carolina, he celebrated the opening of the first U.S. rare earth magnet plant in twenty five years, operated by German firm Vacuumschmelze. Bessent said this milestone signals the end of China’s chokehold on a vital supply chain and boosts national security, technology, and manufacturing jobs. The plant, financed in part by General Motors to secure domestic supplies for electric vehicles, brings hundreds of permanent jobs. However, some observers note a contradiction, as policies limiting electric vehicle and renewable energy growth could reduce the demand that justifies such investments.On the affordability front, Bessent continues to brief President Trump regularly on economic matters, focusing on how their policies aim to lower prices and raise real wages for American families. He highlighted progress in reversing inflation, pointing out the first annual drop in April and falling energy prices. According to Bessent, these gains come alongside a push for more real wage growth as manufacturing jobs return.A significant administrative decision this week was Bessent’s announcement that the IRS Direct File program for tax returns will be discontinued next year. The program, introduced under the previous administration to simplify tax filing, was used by nearly three hundred thousand Americans this year. Bessent defended the move by arguing there are better private-sector alternatives and that the program was underutilized.Lastly, Bessent warned that a Supreme Court decision against the administration’s tariffs could require the Treasury to refund tens of billions of dollars to U.S. companies, highlighting ongoing high-stakes legal battles that could reshape trade and fiscal policy.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

9 Marras 2min

Listeners, this week brought several critical updates involving Scott Bessent, Secretary of the Treasury, as his office took center stage on multiple fronts shaping America’s economic policies and international competitiveness.A major announcement highlighted the opening of a new rare earth magnet plant in Sumter, South Carolina. Speaking to Fox Business, Secretary Bessent explained the plant is the first in twenty-five years to produce these key magnets domestically, a direct attempt to end China’s stranglehold on the rare earth supply chain. With rare earths essential for products ranging from mobile phones to military equipment, Bessent underscored that this facility represents a move toward American self-sufficiency. The plant was constructed in only eighteen months and is backed by a significant ten-year agreement with General Motors, supporting electric vehicle production, though recent policy shifts have challenged demand within that sector. Bessent was candid, admitting that ongoing demand-side support may be needed to sustain this new supply chain, even as manufacturing capacity ramps up and thousands of jobs are projected to be created in the coming years.On the tax front, Secretary Bessent met with influential business leaders at the Business Roundtable and continued to push the administration’s effort to make the Tax Cuts and Jobs Act tax relief permanent. Reminding CEOs that roughly four point five trillion dollars in tax cuts are on the brink of expiration at the end of twenty twenty-five, Bessent stressed a common-sense approach to extending these provisions. Tax policy remains debated, especially with ongoing concerns about inflation and deficits, but the commitment to shielding Americans from broad tax increases was reaffirmed.A sweeping change was also announced in federal electronic tax filing policy. Bessent, who concurrently serves as IRS commissioner, confirmed that the IRS Direct File program will not be offered in the twenty twenty-six tax season. Bessent stated that the private sector can deliver better solutions for taxpayers, following months of lobbying against Direct File by commercial tax preparation companies. While some consumer advocates argue the cancellation means increased costs for ordinary filers, Bessent maintained the move reflects underuse and better alternatives.Trade wars remained a high-profile issue as the Supreme Court deliberated the legality of new tariffs affecting over one hundred countries. Bessent indicated that a ruling against the administration could mean American firms receive tens of billions of dollars in refunds. This case, ignited by a challenge from a Chicago-area toy company, could set precedent for presidential emergency powers.Bessent is also set to deliver key remarks at the upcoming Treasury Market Conference at the New York Federal Reserve, a pivotal event given current market volatility and ongoing regulatory reviews.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

9 Marras 3min

In the past few days, Treasury Secretary Scott Bessent has been at the center of a number of major headlines. He made waves after appearing at the Supreme Court this week for arguments regarding President Donald Trump’s sweeping use of emergency tariff powers. According to Fox Business, Bessent said he felt very optimistic after listening to the justices question the legality of the tariffs, which were imposed under the International Emergency Economic Powers Act. He told Larry Kudlow that the case presented by the administration’s solicitor general was powerful and that he expects the court to uphold President Trump’s authority. Bessent criticized the plaintiffs challenging the tariffs, calling their case embarrassingly weak and suggesting they did not understand foundational economics.He also defended the tariffs, describing them as a deliberate strategy meant to protect American industry in the short term but phased out as the economic balance improved. Bessent framed the tariff fight as critical not just for economic reasons but for national security as well, pointing to the administration’s tariffs on Chinese fentanyl-related products and declaring these had brought China to the table on the issue of chemical precursors. He dismissed concerns about the consumer impact of tariffs and argued that, since other countries have used tariffs for decades, they must not burden consumers as much as critics suggest.On another front, Bessent has been managing fallout from the ongoing government shutdown, now the longest in United States history. According to a report from Holland and Knight, Bessent warned that while service members were paid at the end of October, it is unlikely they will get their next paychecks in mid November unless the shutdown ends. Bessent and administration officials have also shifted funds to extend Essential Air Service operations for rural airports but are struggling to find resources for other critical services.A significant administrative shift came as Bessent announced the end of the IRS Direct File free tax filing program for the next season. Speaking at the White House, Bessent said there are better alternatives to Direct File and argued that the private sector can handle tax preparation more effectively. The Associated Press reports that, despite positive reviews from taxpayers who used Direct File, the Treasury decided to discontinue the system amidst pressure from private industry and Republican lawmakers.With these recent developments, Bessent has firmly positioned himself as a defender of Trump administration economic policies, advocating for trade measures, navigating a historic shutdown, and reshaping government services. Thank you for tuning in and be 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

6 Marras 3min

Scott Bessent, Secretary of the Treasury, has been in the spotlight this week as the Supreme Court heard arguments on the Trump administration’s sweeping use of emergency powers to impose global tariffs. Scott Bessent attended the hearing and told Fox Business and other outlets he is very optimistic about the outcome. He said the administration made a strong case for President Trump’s authority under the International Emergency Economic Powers Act to impose tariffs and that the Solicitor General's presentation highlighted the need for presidential flexibility in times of economic emergency.According to statements made by Bessent, the opposing attorneys challenging the scope of presidential tariff power were not convincing and, in his view, did not understand foundational economics. Bessent expressed that the tariffs were crucial not just for balancing trade deficits but also for negotiations on issues with pressing national security implications, specifically calling out the fentanyl tariffs on China which he claims brought Chinese officials to the negotiating table over precursor chemicals.Multiple media outlets including Fox Business and Firstpost reported that several Supreme Court justices were skeptical of the Trump administration’s claim to broad tariff authority. However, some conservative justices focused on the president’s inherent foreign policy powers. Scott Bessent commented to reporters that the administration is confident the court will rule in its favor and described the tariff structure as “a shrinking ice cube,” intended to start high to protect American industry and then reduce as the domestic market stabilizes.Bessent was also questioned about the ongoing federal government shutdown, the longest in U.S. history as of this month. He noted that unless legislation resolves the standoff, military service members are unlikely to receive their next paycheck and critical services are at risk nationwide. Despite the challenges, emergency food and nutrition programs like SNAP and WIC have received partial funding extensions to mitigate some of the shutdown’s impact on vulnerable Americans.In addition, the Treasury Department under Bessent is preparing an “extract and educate” campaign to help the public understand key provisions of Trump’s two trillion dollar tax overhaul, with a focus on ensuring working Americans feel the benefits of those reforms.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

6 Marras 2min

Listeners, in the last few days Treasury Secretary Scott Bessent has been front and center on some of the most important headlines in the economic and political world. Scott Bessent recently appeared on primetime news discussing President Trump’s trade strategies and the administration’s strong stance on tariffs, especially as the Supreme Court prepares to hear a crucial case that could determine the legal future of those tariffs. According to ABC News, Bessent himself is set to take a front row seat at the Supreme Court hearing, underlining the case’s importance for national security and affirming that the administration believes economic security and national security are fundamentally connected. He said if the administration loses on the legal front, there are backup plans, including existing trade agreements and other legal bases for tariff authority.On Fox, Bessent described firsthand meetings in Asia, including sitting across from Chinese leader Xi Jinping. He outlined the progress made, such as new trade deals and peace agreements in the region, investments from Japan worth over five hundred billion dollars, and agreements from China to assist in curbing precursors for fentanyl, which he called a clear national emergency. He credited President Trump’s tough approach for the strengthening of U.S. international relations and for the protection against supply threats, such as China’s rare earth curtailment.Treasury reports this week noted that in his role, Bessent has moved quickly to implement major fiscal reforms and trade negotiations, working to prevent tax increases and to promote investment in the U.S. The administration, according to Treasury releases, continues to seek reductions in federal spending and is pursuing supply-side policies to protect American consumers from inflation and global disruptions. Current data indicates inflation remains elevated but is moderating, with the consumer price index up by three percent year over year. Energy and food prices are rising moderately, but job growth is stable—private sector layoffs remain notably low, and labor force participation rates are steady.Bessent has also met with Japan’s finance minister to solidify the U.S.-Japan trade and investment agreement, reinforcing G7 commitments to pressure Russia. Fortune magazine highlights Bessent’s involvement in international financial stabilization, including his support for Argentina as a preventative step against the spread of failed states in South America and his orchestration of large swap lines to shore up their currency. He has also played a role in securing revenue-sharing deals between American tech companies and the government, as well as overseeing negotiations with China on commercial technology terms. Bessent projects strong economic growth and believes the coming year will bring high, noninflationary growth along with prosperity for both Main Street and Wall Street.Thanks for tuning in and make sure to subscribe. This has been a quiet please production, for more check out quiet please dot aiFor 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

4 Marras 3min

In the latest national news Treasury Secretary Scott Bessent has taken center stage as the Trump administration faces a pivotal week. Bessent announced plans to be physically present in the Supreme Court chambers as justices hear arguments that could determine the long term fate of the administration’s aggressive tariff policies. According to ABC News Bessent called his appearance in the courtroom a ringside seat and emphasized the hearing’s importance by describing the tariffs as both an economic and national security emergency. The tariffs under review were enacted using the International Emergency Economic Powers Act or IEEPA which gave the presidency broad authority but was recently questioned by lower courts. Bessent stated that if the administration loses the case contingency plans are ready and added that active trade deals will prevent any immediate disruption to U.S. foreign markets.In a recent appearance on Fox News Bessent looped the tariff battle into a broader narrative about restoring U.S. economic might. He praised President Trump’s approach to international trade negotiations citing breakthroughs and peace deals across Asia and noting a major Japanese commitment to invest five hundred fifty billion dollars in the United States. Bessent linked these deals to the administration’s push for rebalancing global trade in favor of American businesses and workers. He declared economic security is national security and said his job as Treasury Secretary means maintaining both. Bessent predicted that the coming year would see strong job growth reduced inflation and falling interest rates. He forecast parallel prosperity where both Main Street and Wall Street thrive much as they did in Trump’s first term.Bessent’s style remains hands-on and confrontational. He shut down controversy over whether his Supreme Court visit might intimidate the justices insisting that his presence underscores the gravity of the national emergency. Fox News highlighted Bessent’s recent disputes with prominent figures such as Elon Musk but Bessent dismissed any notion of personal vendettas and instead praised Musk’s efforts to reduce government expenses which align with the current administration’s fiscal agenda.In addition the Treasury Secretary has been active on the international front. The U.S. Treasury reports that Bessent met recently with Greece’s finance minister to deepen bilateral trade and reinforce security cooperation. Meanwhile Fortune has covered his major role in crafting deals from Argentina’s financial lifeline to the ongoing commercial agreement framework with China noting both the scope and unorthodox methods of his global economic strategy.Thank you for tuning in and remember to subscribe. This has been a quiet please production for more check out quiet please dot aiFor 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

4 Marras 2min

Scott Bessent has been in the headlines over the past few days for two major developments as Secretary of the Treasury. The first involved a powerful statement regarding China’s efforts to restrict the export of rare earth minerals. According to multiple news outlets including Financial Times and The Epoch Times, Bessent stated that China made a real mistake by weaponizing rare earth exports. He explained that China’s gambit not only rattled global markets but also jolted the United States and its allies into fast-tracking plans to secure alternate supplies of these critical minerals over the next two years. Bessent told the Financial Times that Beijing’s move had drawn global attention to China’s willingness to use minerals as leverage and had alarmed Chinese leadership due to the broad international backlash. After direct talks between President Donald Trump and President Xi Jinping at the Asia-Pacific summit in South Korea, China agreed to suspend its export restrictions for one year, seeking to stabilize markets after weeks of tense negotiations.Bessent further remarked that China, which produces roughly seventy percent of the world’s rare earths and processes even more, will see its dominance broken within two years. He asserted that the United States “has offsetting measures” in place to prevent similar moves in the future and highlighted ongoing partnerships with Southeast Asian nations and allied countries to diversify the supply chain. He noted that the suspension of Beijing’s controls offers relief to global buyers and stabilizes strategic supply lines vital for defense, electronics, and automobile industries.The second headline event focused on Bessent’s surprising public endorsement of bitcoin and blockchain technology. On October thirty-first, marking the seventeenth anniversary of the Bitcoin white paper, Bessent praised the network’s resilience and continuous uptime, especially in comparison to the ongoing government shutdown in Washington. In his post, he pointed out that "Bitcoin never shuts down" and directly tagged Senate Democrats, urging lawmakers to learn from the digital asset’s reliability. This marked a dramatic shift in Washington’s approach, shifting from skepticism and regulatory clampdown to open consideration and respect for blockchain as a robust infrastructure.Crypto industry leaders and analysts responded enthusiastically to Bessent’s comments, interpreting them as signals of a new era for digital finance in the United States. Bessent reaffirmed the Treasury’s interest in utilizing stablecoins and exploring budget-neutral strategies to expand its holdings of bitcoin. He suggested that the Trump administration remains committed to making the United States a leader in digital assets worldwide. This announcement spurred further public debate among technologists, regulators, and financial markets observers about the changing structure of crypto investment and regulatory oversight.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

2 Marras 3min

Scott Bessent has been at the center of global headlines after a series of high-stakes decisions and statements as Secretary of the Treasury. Most recently, Bessent grabbed attention for his outspoken criticism of China’s policy on rare earth mineral exports. In multiple interviews, including with the Financial Times, he said that China made a real mistake by threatening to restrict exports of these crucial resources. According to Bessent, that move not only exposed China’s willingness to use vital minerals as a geopolitical weapon but also jolted the United States and its allies into action, triggering accelerated efforts to diversify supply chains and reduce dependence on Beijing for critical materials.Bessent’s comments followed high-level meetings between President Donald Trump and Chinese leader Xi Jinping at the Asia-Pacific Economic Cooperation summit in South Korea. After these talks, China announced it would suspend its rare earth export restrictions for one year. Bessent indicated that Chinese leaders were slightly alarmed by the global backlash, acknowledging that the United States and China have now reached a temporary equilibrium, but warning that the influence China wields in this sector will likely fade within two years. He stressed that new U.S. measures and expanded partnerships with Southeast Asian nations and allied countries are expected to break China’s dominance in the rare earths sector before 2027.In parallel, Bessent gained attention for remarks made on the anniversary of the Bitcoin white paper. In a post on social media, he highlighted Bitcoin’s uninterrupted operation for seventeen years and contrasted that resilience with the U.S. government shutdown, calling out legislative gridlock in Washington. This signaled a distinctly more open stance toward digital assets by the U.S. Treasury. The post was celebrated by digital asset advocates as a sign of growing institutional acceptance and was interpreted by some analysts as an indication that the Trump administration may continue to expand U.S. holdings of digital assets like Bitcoin.Bessent’s statements have affected both markets and policy debates, with rare earths and digital assets moving to the forefront of U.S. economic strategy. The rare earth agreement brought some immediate relief to manufacturers and global buyers, while his Bitcoin comments marked a clear policy turn, challenging longstanding regulatory skepticism and proposing lessons from decentralized systems for government resilience.Listeners, thank you for tuning in and be 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

2 Marras 2min