Scott Bessent - News and Info Tracker

Listeners, over the past few days, United States Treasury Secretary Scott Bessent has been highly visible, with several newsworthy events and policy updates marking his tenure as chief steward of the nation’s finances. On September tenth, Secretary Bessent convened the Financial Stability Oversight Council in both executive and open sessions at Treasury headquarters in Washington. During this pivotal meeting, Bessent emphasized that economic growth and security are now central pillars of the council’s mission, highlighting the risks that stagnation poses to financial stability. He referenced Warren Buffett’s warning about the dangers of arrogance, bureaucracy, and complacency, making it clear that innovation and strong supervisory frameworks will be top priorities for the council throughout the coming year. The council is also updating its framework for designating nonbank financial companies as systemically important, signaling potential regulatory shifts for major market players, and is placing a renewed focus on critical market infrastructure resilience and preparation for crises, as discussed in a recent interagency tabletop exercise.Another major initiative rolled out by Secretary Bessent this week is the launch of the Savings Award for Verified Efficiencies, or SAVE, Program, produced in partnership with the General Services Administration. The program empowers federal employees across Treasury to pinpoint and eliminate wasteful federal contract spending, rewarding them monetarily for successful submissions, up to ten thousand dollars per instance and five percent of verified savings. According to Secretary Bessent, this is intended to drive a new era of stewardship and accountability in government spending and, if successful, could be expanded to agencies governmentwide. The SAVE initiative builds on the General Services Administration’s Defend the Spend program and requires a rigorous double review of all claims before rewards are given.On the political front, Secretary Bessent has found himself in the crosshairs of Senate scrutiny. Finance Committee Ranking Member Ron Wyden has introduced legislation requiring Bessent to release full Treasury records related to Jeffrey Epstein’s financial activities. Wyden has criticized Bessent for refusing to provide investigators with Epstein-linked bank reports, alleging stonewalling and calling for full transparency regarding suspicious transactions flagged under federal banking laws. This has fueled ongoing debate over the Treasurer’s role in high-profile investigations and the limits of executive discretion in congressional oversight.Finally, Secretary Bessent was reportedly at the center of a heated confrontation at a private political dinner, where, as covered by Hindustan Times, he clashed with the head of the Federal Housing Finance Agency, Bill Pulte, illustrating the internal tensions and power struggles currently gripping the Trump administration’s inner circle.Thank you for tuning in. Do not forget 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

11 Syys 3min

Listeners in the last several days Treasury Secretary Scott Bessent has made national headlines on several fronts driving both policy innovation and plenty of political tension in Washington. One of the most significant announcements came with the launch of the Savings Award for Verified Efficiencies or SAVE Program developed in partnership between the Treasury Department and the General Services Administration. This new initiative allows frontline federal employees in the Treasury to propose contract cancellations or reductions that will save money. If the cost savings are verified non-executive staff can receive an award up to ten thousand dollars per action. According to statements from Bessent this is intended to set a new standard for government efficiency and responsible use of taxpayer funds with the potential for expansion across government if successful as reported by both the Treasury and GovExec.Scott Bessent also chaired an important session of the Financial Stability Oversight Council on September tenth. In these meetings Bessent emphasized that economic growth and security would be new pillars of financial stability for the coming year. He argued for stronger alignment of regulatory frameworks with a focus on boosting innovation and resilience in financial markets. Bessent announced that the Council would revisit its guidance for determining when nonbank firms should be subject to greater oversight under the Dodd Frank financial reforms aiming for a more rigorous and risk-focused process according to the official Treasury readout.Controversy continues to swirl around Bessent over his department’s refusal to hand over Jeffrey Epstein’s banking records to Senate investigators. Senator Ron Wyden recently introduced a bill that would force Treasury to release all suspicious activity reports related to Epstein. Wyden accused Bessent of blocking transparency and interfering with investigations into possible financial crimes by major banks linked to Epstein as covered in recent statements from the Senate Finance Committee.On the political side tensions appeared to reach a boiling point at a private dinner held at a club aligned with Trump allies where Bessent reportedly got into a loud argument with another appointee Bill Pulte. According to reports by Hindustan Times and Politico Bessent threatened physical violence before others intervened. Observers note this incident as a sign of deep divisions among top advisers within the Trump administration and raises questions about unity over financial policy and broader political direction.Thanks 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

11 Syys 2min

Scott Bessent has been at the center of major headlines over the last few days as Secretary of the Treasury. According to CNN, Bessent was involved in a heated confrontation with Bill Pulte, Director of the Federal Housing Finance Agency, at a high-profile Executive Club dinner attended by several of President Donald Trump’s key economic advisers. The dispute escalated quickly when Bessent accused Pulte of undermining his position with President Trump and reportedly threatened violence, cursing at Pulte in front of other guests. The episode has highlighted growing tensions within top levels of the administration, especially as policy debates on housing and finance intensify.Amid these internal clashes, Politico Pro notes that Bessent continues to face pressure from the impact of recent trade policies and ongoing disputes between the administration and the Federal Reserve. Despite this, some observers believe Bessent remains uniquely capable of navigating current market volatility, noting his reputation as a “market whisperer.” Market analysts have been closely watching his decisions as the Treasury’s role becomes increasingly critical in steering the US through trade disruptions and economic policy disagreements.On Fox Business, Larry McDonald, founder of The Bear Traps Report, described Bessent as potentially the wisest Treasury secretary in recent memory. McDonald praised Bessent’s judgment and skill at handling intense political pressure while maintaining stability in bond and currency markets. Observers say it is this measured approach that has encouraged a degree of confidence among institutional investors, even as Washington faces mounting challenges. Bessent’s most recent moves have focused on balancing direct intervention in currency markets with support for domestic lending programs, aiming to avoid unnecessary economic shocks.Listeners should expect more headlines in the coming weeks as policy disputes and personnel issues remain unresolved. Scott Bessent’s tenure is being tested by both internal politics and global market ripples, but his standing in financial circles appears robust for now.Thank you for tuning in and be 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

9 Syys 2min

Treasury Secretary Scott Bessent has dominated financial headlines in the past few days, following a heated confrontation with Federal Housing Finance Agency Director Bill Pulte. CNN reports that the altercation occurred at the Executive Club, a high-profile gathering point for Trump allies. Witnesses described Bessent threatening to punch Pulte after accusing him of speaking unfavorably about him to President Trump. The exchange reportedly included harsh language before others quickly intervened to defuse the situation. This public fallout highlights internal tensions among top economic advisers in the Trump administration and has ignited speculation about future policy cohesion.Political insiders note that Scott Bessent has consistently faced intense pressures in his tenure as Treasury Secretary, in large part due to the tumultuous environment stemming from President Trump’s ongoing trade wars and a series of high-stakes disputes between the administration and the Federal Reserve. Ongoing market volatility and uncertainty have made Bessent’s position particularly challenging, according to a recent POLITICO Pro analysis. Bessent’s reputation as a market strategist has both been tested and at times reinforced by his navigation of shifting economic landscapes and unexpected global headwinds.Despite internal drama, no major fiscal policy announcements have been issued by Bessent in the last several days. However, behind-the-scenes maneuvering in response to market reactions and administration discord remains a focus for those tracking his moves. Analysts widely debate how the continuing tension among key Trump economic officials, especially between Bessent and Pulte, may influence upcoming Treasury Department decisions, including potential financial market interventions or changes to fiscal policy strategy.With high-profile disputes and heightened scrutiny from the press and Congressional committees, listeners can expect further developments from Scott Bessent’s office. Any future statements or policy shifts could have significant implications for financial markets and government programs alike. Thanks 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 Syys 2min

Scott Bessent, the current Secretary of the Treasury, has been at the center of major financial news and policy debates in early September Twenty Twenty Five. In the past few days, Bessent publicly criticized the Federal Reserve’s current approach to monetary policy, stating in the Wall Street Journal and in a detailed interview for The International Economy that the Federal Reserve has engaged in risky monetary experiments that have distorted financial markets and undermined its independence. Bessent argued that the Fed’s use of unconventional tools such as quantitative easing should be strictly limited to true emergencies and that its bank supervision powers should be stripped, with the central bank’s focus returning to basic interest rate and inflation targeting. He advocated for a comprehensive review of the entire Federal Reserve institution, including its research and communications functions. According to Bessent, these changes are essential for restoring credibility, political legitimacy, and safeguarding independence, which he believes have been jeopardized by what he refers to as mission creep.Just as Bessent raised these concerns, tensions continued between the Treasury and the Federal Reserve, especially as President Trump pushed for lower interest rates while criticizing the current Chair Jerome Powell. In contrast to Trump’s more aggressive style, Bessent emphasized a methodical and evidence-based critique of Federal Reserve policy, warning that repeated forecast misses had demonstrated flaws in the Fed’s models, particularly their pessimism about the effects of tax cuts and deregulation.Meanwhile, the Treasury Department announced a sweeping digital overhaul of federal payments. Starting September thirtieth, Twenty Twenty Five, almost all federal benefits including Social Security, Veterans Affairs, and tax refunds will be paid electronically, with paper checks largely discontinued. This move follows President Trump’s executive order from March and is intended to reduce administrative costs, cut down on fraud, and improve efficiency. Treasury officials estimate millions in annual savings, since paper checks cost much more to produce and process than electronic payments. Those without traditional bank accounts will be provided with government-issued debit cards, expanding financial inclusion and streamlining access to benefits.Overseas, Bessent also addressed the ongoing conflict with Russia. In an interview on NBC’s Meet the Press, he emphasized that the collapse of the Russian economy, driven by coordinated sanctions and secondary tariffs from the US and Europe, could ultimately bring President Vladimir Putin to negotiate. He urged European partners to stand firm and support broader measures, stating that increased pressure remains a shared goal.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

7 Syys 3min

Treasury Secretary Scott Bessent has emerged as one of the most visible and consequential figures in shaping current United States economic policy. Over the past week, Bessent has made headlines with his forceful push to reduce the power and independence of the Federal Reserve. In essays published by major outlets and in high-profile interviews, Bessent argued that the Fed should be stripped of its bank supervision authority and focus solely on managing interest rates and inflation. He criticized what he described as risky monetary experiments that have distorted markets and called for an independent review of the central bank’s operations, asserting that the expansion of the Fed’s powers has created dangerous conflicts and reduced accountability. Both CNN and the Wall Street Journal highlighted Bessent’s calls for the Fed to narrow its mandate and for its unconventional tools like quantitative easing to be used only in true emergencies.Bessent was also central to developments at the Consumer Financial Protection Bureau. President Trump appointed him acting director of the CFPB after firing the previous director, Rohit Chopra. Upon taking charge, Bessent immediately froze all rulemaking, litigation, and communications unless personally authorized or required by law. In communications with the agency and Congress, he pledged to support the administration’s agenda to lower consumer costs and accelerate economic growth. His interim leadership has drawn strong reactions from both supporters and critics. Republicans applauded the decision and called for reforms to make the CFPB subject to Congressional appropriations and bipartisan oversight. Democrats, including Representative Maxine Waters, argued this move is part of an effort to undermine or even eliminate the agency, warning that consumers could be left unprotected.Housing policy has also featured prominently in Bessent’s recent public comments. He indicated that the Trump administration is considering declaring a national housing emergency to address affordability issues. The potential emergency steps under review include reducing closing costs and standardizing building and zoning codes nationwide. Economists and industry groups are watching closely, as these measures could affect millions of Americans struggling with rising housing expenses.In a significant administrative change, Bessent executed a shift to digital payments for all federal benefits. Starting September 30, paper checks for entitlements like Social Security, veterans’ benefits, and tax refunds will be discontinued. This move, mandated by a recent executive order, is expected to reduce fraud, speed up payments, and save the government millions of dollars annually by cutting processing and delivery costs.Listeners can expect further updates as Bessent continues to advance policy changes with major implications for financial regulation, consumer protection, and federal benefits distribution. 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

7 Syys 3min

This week Treasury Secretary Scott Bessent became a central figure in ongoing debates about US economic policy as he has actively defended the Trump administration's expanded tariff strategy claiming these measures are delivering historic results for the American people. In a Sunday appearance on Fox News Bessent stated that critics who say tariffs are a hidden tax on American consumers are not seeing the reality insisting that the negative effects are overstated and pointing to complaints from foreign manufacturers as evidence that the burden is not solely on Americans. This position has generated backlash among economic analysts some of whom highlight that the costs of tariffs are ultimately paid by US consumers and businesses according to economic principles reported by Daily Kos and American Action Forum.Bessent continued to promote tariffs with a post on social media stating that tariff revenue could reach three hundred billion dollars this year and equating each three hundred billion in tariff revenue with a one percent increase in gross domestic product. He claimed that with tariffs alone US growth could reach five percent. However Douglas Holtz Eakin of American Action Forum strongly criticized this logic explaining that simply raising tariffs does not directly translate to GDP growth and that the administration’s arguments rely on accounting identities that do not reflect broader economic realities. The criticism underscores a growing divide between the Treasury Department's political messaging and the views of mainstream economists.In parallel to the tariff debate Bessent revealed in an interview with the Washington Examiner and reported by the SAN news outlet that President Trump may declare a national housing emergency this fall as a response to rising housing costs. Bessent indicated that the administration is exploring actions such as making local building and zoning laws more uniform across the country reducing closing costs and possibly lowering tariffs on construction materials to boost homebuilding and ease affordability challenges. He stressed that while a drop in Federal Reserve interest rates could help reduce the cost of buying homes it will not be a standalone solution. Bessent predicted a significant economic pickup in twenty twenty six but acknowledged ongoing uncertainty around how new tariffs will affect housing and broader consumer prices.Listeners should note that if court decisions against tariff expansions hold as covered by Fortune magazine the US Treasury could be required to refund billions collected under challenged tariffs which would complicate the administration’s fiscal strategy and ongoing political messaging. Bessent and the department have not responded directly to questions about how retroactive refunds might be handled leaving another layer of uncertainty for US businesses.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

4 Syys 3min

Secretary of the Treasury Scott Bessent has made headlines in the last few days for his vigorous and sometimes controversial defense of the Trump administration’s tariff policies. On national television, Bessent insisted that the cost of new tariffs is not falling on American consumers, contradicting widespread economic consensus. In his remarks on Fox News, he stated that if tariffs were truly a burden for Americans, European and Chinese companies would not be complaining about them. This stance has stirred debate, with some commentators questioning the validity of his logic and others highlighting his financial background as a source of credibility.Bessent has continued his defense of tariffs on social media, claiming that tariff revenues are providing historic results for the United States. He recently asserted that total tariff revenue could reach three hundred billion dollars this year, and argued that every three hundred billion dollars in additional tariff revenue would increase the nation's gross domestic product by one percent. By his calculation, tariffs alone could push economic growth to five percent. However, many economists have challenged this assertion, pointing out flaws in the underlying economic logic. Douglas Holtz-Eakin, president of the American Action Forum, pointed out that simply raising tariff revenues does not translate into economic growth as described, noting the roles of consumer spending and productivity growth in determining real GDP.The ongoing legal battle over the Trump administration’s tariffs has also taken center stage. According to Fortune, American companies are closely watching a court battle over the legality of tariffs imposed using emergency powers. If the administration’s position does not hold up in the Supreme Court, importers could be entitled to as much as one hundred fifty billion dollars in refunds, though the process for securing those refunds remains unclear and could involve significant bureaucratic challenges and further litigation. The Congressional Budget Office recently predicted that revenue from these tariffs could reduce the federal deficit by four trillion dollars over the next decade, making this case highly consequential for both businesses and government finances.On another major front, Scott Bessent commented in the Washington Examiner that the administration is considering declaring a national housing emergency to address rising costs in the sector. Bessent suggested that policy options might include standardizing local building and zoning laws or reducing closing costs. One proposal under review is the possible elimination or reduction of tariffs on construction materials to help make building new homes more affordable, though no final decisions have been announced.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

4 Syys 3min