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  Treasury Secretary Scott Bessent Treasury Secretary Scott Bessent Rebukes Sen. Elizabeth Warren Over Banking Crisis Claims WASHINGTON, D.C. — Treasury Secretary Scott Bessent sharply pushed back against Senator Elizabeth Warren’s claims that President Donald Trump is setting the United States on a path toward an economic crisis, pointing instead to the 2023 banking failures that occurred under the Biden administration. Speaking during a recent exchange, Bessent cited the collapses of Silicon Valley Bank , Silvergate Bank , and Signature Bank , three of the largest bank failures in U.S. history, all of which occurred in 2023. “With apologies to Senator Warren, you can’t memory hole three of the largest U.S. bank failures,” Bessent said. “Silicon Valley Bank, Silvergate Bank, and Signature Bank all collapsed in 2023 under the Senator’s favored regulatory framework as enforced by the Biden administration.” Bessent rejected the argument that increased regulation alone would stab...

  Treasury Secretary Scott Bessent Treasury Sends Investigators to Minnesota to Probe Alleged Fraud and Overseas Money Transfers WASHINGTON, D.C. — The U.S. Treasury Department is ramping up its investigation into alleged large-scale fraud in Minnesota, deploying investigators and tightening financial reporting rules to track millions of dollars believed to have been sent overseas through money services businesses. Treasury Secretary Scott Bessent announced Friday that federal authorities are expanding enforcement actions following revelations that hundreds of millions of taxpayer dollars may have been siphoned from Minnesota’s social services system and transferred abroad, including to Somalia. “We will not stop until we fully investigate, analyze, and permanently end this massive fraud ring,” Bessent said, adding that the scope of the investigation continues to widen. As part of the effort, the Treasury Department will issue a Geographic Targeting Order (GTO) requiring enhance...

  Treasury Sec. Scott Bessent 🚨 U.S. Trade Deficit Drops Sharply as New Tariffs Reshape Import and Export Flows The U.S. trade deficit dropped far more than expected in September, reaching its lowest level since 2020, according to delayed Commerce Department data released Thursday. The update—held back by the recent record-long government shutdown—shows how President Donald Trump’s newly implemented tariffs are reshaping the flow of goods into and out of the country. Trade Deficit Falls to $52.8 Billion — A 10.9% Drop The overall trade deficit narrowed to $52.8 billion , marking a 10.9% decline from the previous month and the smallest gap since the height of the COVID-19 pandemic. Economists had projected the deficit to widen to around $62 billion, making the latest report another major miss for expert forecasts. Exports Up, Imports Barely Rise The sharp deficit improvement was driven by a stronger export performance and weaker demand for foreign goods. Exports rose 3.0% , reach...

  Treasury Sec. Scott Bessent President Trump Deploys Treasury Secretary Scott Bessent to Lead Aggressive Push on Affordability Ahead of 2026 Midterms 🚨 HUGE NEWS: President Donald Trump is reportedly tasking Treasury Secretary Scott Bessent with spearheading a major national effort to tackle affordability as the 2026 midterm elections approach. Supporters are calling it exactly the right move , with many praising Bessent — a veteran investor and economic strategist — as the kind of leader capable of engineering a rapid turnaround in household costs. Bessent, 63, now faces what could be the defining challenge of his tenure: fixing the affordability crisis while shaping Trump’s broader economic strategy on tariffs, taxes, and America’s towering $38 trillion federal debt . A Mission to Cool Prices—Fast The coming months will be crucial as Bessent works to pull the U.S. economy toward two consecutive quarters of growth , all while easing the financial pressure on families hi...

  Treasury Sec. Bessent Treasury Secretary Scott Bessent Launches Federal Investigation Into Reports Linking Minnesota Welfare Fraud to Al-Shabaab Funding In a stunning escalation to Minnesota’s growing welfare-fraud scandal, Treasury Secretary Scott Bessent has announced a federal investigation into allegations that taxpayer-funded welfare dollars—overseen during Gov. Tim Walz’s administration—were illicitly funneled to the Somali-based terrorist group Al-Shabaab. READ MORE:  Tim Walz’s Minnesota Rocked by Autism Diagnosis Fraud Tied to Alleged Terror Funding The announcement follows explosive reporting revealing that millions in Medicaid and public-assistance funds were stolen through fraudulent programs in Minnesota, including a massive autism-diagnosis scheme and widespread abuse of Housing Stabilization Services. Investigators alleged some of the stolen money was ultimately transferred overseas, with a federal counterterrorism source warning that Minnesota taxpayer dol...

  Treasury Secretary Scott Bessent 🚨 BREAKING: Treasury Sec. Scott Bessent Cuts Off All Federal Refundable Tax Benefits for Illegal Aliens — FinCEN Issues New Alert Targeting Cross-Border Transfers In a major policy escalation, Treasury Secretary Scott Bessent announced that the Biden-era practice of illegal aliens accessing refundable federal tax credits is officially ending , following direct orders from President Donald Trump. Under the new directive, all refundable portions of key federal tax credits will now be restricted to U.S. citizens and qualified legal residents only . Refundable federal tax benefits now blocked for illegal aliens include: Earned Income Tax Credit (EITC) Additional Child Tax Credit American Opportunity Tax Credit (AOTC) Saver’s Match Credit These benefits, Democrats long insisted illegal immigrants did not receive — yet Treasury has now confirmed otherwise. “ Treasury announced that it will issue proposed regulations clarifying that these...

  Treasury Sec. Bessent 🚨 BREAKING: Treasury Secretary Scott Bessent Moves to Cut Off Federal Benefits for Illegal Aliens Under President Trump’s Orders In a major policy shift, Treasury Secretary Scott Bessent announced that the U.S. Treasury Department is immediately working to block federal tax benefits from going to illegal immigrants , following direct orders from President Donald Trump. The move is being framed as a crackdown on what the administration calls “improper payouts,” ensuring that U.S. taxpayer-funded benefits go exclusively to American citizens and qualified residents . Bessent’s Announcement In a statement posted on X, Bessent revealed that Treasury will soon issue new regulations that prevent illegal or otherwise non-qualified aliens from receiving refundable portions of key federal tax credits. The regulation overhaul will apply to: Earned Income Tax Credit (EITC) Additional Child Tax Credit (ACTC) American Opportunity Tax Credit (AOTC) Sa...

  Treasury Sec. Bessent 🔴 JUST IN: Scott Bessent Says U.S. 'May Be Moving Faster Than I Thought' on Trade Deal With South Korea WASHINGTON, D.C. — Treasury Secretary Scott Bessent revealed promising progress on a potential U.S.-South Korea trade deal , indicating that technical negotiations could begin as early as next week. Speaking during an Oval Office briefing alongside President Trump, Bessent noted that South Korean officials arrived "early" and "with their A-game," signaling a strong commitment to advancing bilateral trade discussions. Positive Signals in U.S.–South Korea Trade Talks “We had a very successful bilateral meeting with the Republic of South Korea today,” said Bessent. “We may be moving faster than I thought, and we’ll be talking technical terms as early as next week.” The comments reflect a growing optimism within the administration that a formal agreement of understanding could be achieved sooner than expected. While specifics o...