US Treasury Secretary Scott Bessent spoke today at a press briefing on the sidelines of the World Economic Forum in Davos, Switzerland. Reuters reports he highlighted President Trumps economic policies driving strong growth, with real growth potentially reaching four to five percent this year, translating to seven or eight percent nominal growth. He noted capital markets are unmatched in depth and breadth, making the United States the top place for capital worldwide.

Bessent emphasized tax certainty from the big beautiful bill passed on July fourth, including no taxes on tips, overtime, or Social Security, plus deductibility for auto loans on American cars. Associated Press coverage details how the Internal Revenue Service delayed withholding guidance, leading to substantial tax refunds of up to one thousand dollars per worker in the first quarter. Workers will then see automatic increases in weekly or monthly paychecks, boosting household finances.

On trade, he dismissed panic over tariffs, saying relations with China are stabilized through President Trumps good ties with party chair Xi. He addressed rumors of European Union and United Kingdom plans to dump US treasuries over Greenland, calling it a false narrative with no real talk among European governments. Fox Business reports Bessent stressed President Trump views Greenland as essential to Western Hemisphere security.

In digital assets, Bessent pointed to the Genius Act for stable coins, passed with bipartisan support, and ongoing clarity legislation. He confirmed the policy to add seized bitcoin, such as from Tornado Cash developers by the Southern District of New York, to a digital asset reserve after damages are addressed. Deregulation efforts have added two point five trillion dollars in lending capacity per Oliver Wyman, fueling an AI and energy boom with capex up dramatically.

Bessent criticized the prior Biden administration for creating an affordability crisis with the biggest inflation in forty nine years, from which Americans still suffer post traumatic stress. He projected policies will accelerate prosperity, with bottom households seeing net worth gains faster than the top ten percent.

Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quietplease.ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent revealed that President Donald Trump discusses the Federal Reserve with him every day, expressing strong dissatisfaction with Chair Jerome Powell. According to Cryptopolitan, Bessent shared this during an appearance on Kudlow, noting Trumps frustration both personally and with Powells leadership at the central bank. Powell faces a Department of Justice criminal investigation for allegedly misleading Congress about a major renovation at the Feds Washington headquarters. Bessent declined to defend Powell, saying he lacks expertise in construction and criticizing the Feds operations as needing substantial improvements and a thorough internal overhaul. He hopes the scandal will spur the long-called-for review, emphasizing the Feds impact on every American yet lack of accountability.

Bessent confirmed final interviews for a new Fed chair are complete, with Trump ruling out Kevin Hassett and planning an announcement in January, possibly around Davos. Cryptopolitan reports Trump has been methodical in his choices.

On Iran, HonestReporting states Bessent confirmed the United States is tracking tens of millions of dollars linked to Irans leadership moving out of the country into foreign banks. This follows sanctions-evasion via crypto networks tied to the Islamic Revolutionary Guard Corps and offshore accounts, signaling regime insiders concerns amid rising regional tensions, including United States Navy increases in the Persian Gulf.

MarketWatch reports Trump announced 10 percent tariffs on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland starting February 1, escalating to 25 percent on June 1 unless Denmark sells Greenland to the United States. Bessent indicated the administration could use other authorities for tariff revenue if the Supreme Court rules against Trumps use of the International Emergency Economic Powers Act, with a decision possibly imminent. Markets showed anxiety, with the 10-year Treasury yield rising to 4.23 percent.

Bessent appeared on Meet the Press with Kristen Welker this Sunday, as announced by NBC News.

Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quietplease.ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent revealed that President Donald Trump discusses the Federal Reserve with him every day. According to Cryptopolitan, Trump has expressed strong dissatisfaction with Fed Chair Jerome Powell, who faces a Department of Justice criminal investigation for allegedly misleading Congress about a major renovation at the Feds Washington headquarters. Bessent avoided defending Powell, saying he lacks expertise in construction and that the Fed needs a full internal review and overhaul. He stressed that the institution affects every American but lacks accountability, hoping the scandal pushes for reforms.

On Iran, HonestReporting states Bessent confirmed the United States is tracking tens of millions of dollars linked to Irans leadership moving out of the country into foreign banks. This follows sanctions evasion via crypto networks tied to the Islamic Revolutionary Guard Corps and offshore accounts, signaling regime concerns amid rising regional tensions, including United States Navy increases in the Persian Gulf.

MarketWatch reports Trump announced 10 percent tariffs on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland starting February 1, escalating to 25 percent by June 1 unless Denmark sells Greenland to the United States. Bessent indicated the administration could use other authorities for tariff revenue if the Supreme Court rules against Trumps use of the International Emergency Economic Powers Act. Markets reacted with Treasury yields rising to 4.23 percent, as investors await a possible court decision this week.

Bessent is scheduled for an interview today on Meet the Press with Kristen Welker, per NBCUniversal News Group.

Listeners, thank you for tuning in. Please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent, the United States Secretary of the Treasury, has been active in international diplomacy and domestic economic initiatives over the past few days. On Monday, January 12, he met with Australian Treasurer Jim Chalmers in Washington to discuss opportunities in critical minerals and shared economic and national security concerns. According to the Treasury Department press release, Secretary Bessent praised Australias commitment to building secure supply chains for these vital resources.

That same day, Secretary Bessent held talks with Frances Minister of Economy, Finance, and Industrial and Digital Sovereignty Roland Lescure. The Treasury Department readout highlighted coordination on G7 and G20 priorities for 2026, including global economic imbalances and follow-up on the critical minerals finance ministerial.

Also on January 12, he conferred with Japans Finance Minister Satsuki Katayama, reaffirming the strong United States-Japan alliance. The Treasury statement noted appreciation for Japans role in the critical minerals summit and on global minimum tax issues through the Organization for Economic Cooperation and Development. Secretary Bessent stressed the need for sound monetary policy communication to avoid excess exchange rate volatility, as reported by Reuters. This came amid concerns over the yens recent weakness, with markets watching for potential Japanese intervention.

Domestically, Secretary Bessent announced the launch of Treasurys Working Family Tax Cuts: Ushering in a New Golden Age platform. The Treasury press release describes it as a tool to showcase President Trumps pro-family, pro-worker, and pro-growth policies, including permanent tax cuts signed into law on July 4, 2025, aimed at bigger paychecks and economic revival.

On the international front, Secretary Bessent told Newsmax that United States Treasury has tracked tens of millions of dollars wired out of Iran by its leaders, calling it rats fleeing the ship amid deadly protests and economic collapse. The Jerusalem Post reported he linked this to President Trumps maximum pressure campaign on Irans oil exports.

Earlier this week, on January 9, he outlined new actions against fraud in federal aid programs, intensifying oversight on banks anti-money laundering efforts, per JD Supra analysis from Ballard Spahr.

Listeners, thank you for tuning in, and please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

US Treasury Secretary Scott Bessent has been actively engaged in high-level international meetings and domestic policy initiatives this week. On Monday, January 12th, Bessent met with Treasurer Jim Chalmers of Australia to discuss critical minerals opportunities and mutual concerns regarding economic and national security. During that same day, he also met with Finance Minister Satsuki Katayama of Japan, where he reaffirmed confidence in the US-Japan alliance and thanked Japan for attending the United States critical minerals summit.

On January 14th, Bessent held discussions with Roland Lescure, France's Minister of Economy, Finance, and Industrial and Digital Sovereignty. The conversation focused on G7 and G20 coordination and mutual economic policy priorities. Bessent emphasized the importance of coordinating across the G20 and G7 presidencies in 2026, particularly regarding global imbalances.

On the domestic front, Bessent announced Treasury's Working Families Tax Cuts initiative, which he described as a platform designed to provide Americans with a clear view into President Trump's economic agenda. The initiative highlights permanent tax cuts signed into law on July 4th, 2025, which will result in bigger tax refunds and paychecks for workers in 2026. The program covers multiple areas including expanded pocketbooks through permanent tax cuts, economic security through Trump Accounts, a Main Street revival, and made in America research and development initiatives.

Additionally, on January 9th, Bessent announced a series of new federal actions focused on schemes to defraud federal aid programs. The Treasury Department is implementing intensified oversight of financial institutions' compliance with anti-money laundering regulations. This initiative follows high-profile investigations, including the Feeding Our Future scheme which cost taxpayers an estimated 250 million dollars. The new approach places banks on the front lines to detect and deter financial fraud, with expectations for heightened regulatory scrutiny and closer coordination between bank examiners and law enforcement.

In international financial matters, Bessent stated that the Treasury Department has tracked tens of millions of dollars being wired out of Iran by Iranian leaders, describing the situation as evidence of regime instability amid ongoing protests and economic collapse within the country.

Thank you for tuning in. Be sure to subscribe for more updates. This has been a quiet please production. For more, check out quiet please dot ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

U.S. Treasury Secretary Scott Bessent addressed concerns over potential refunds for President Donald Trumps emergency tariffs in a Reuters interview on Friday. He assured that the Treasury holds nearly 774 billion dollars in cash as of Thursday, with projections for an end of March balance around 850 billion dollars, more than enough to cover any court ordered payouts. Bessent doubted the Supreme Court would rule against the tariffs imposed under the International Emergency Economic Powers Act, calling refunds a corporate boondoggle since companies like Costco likely passed costs to customers without much pass through to consumers. Reuters reports he noted goods inflation stayed below headline inflation, disputing links to broader price rises. The court delayed its tariff decision, but Bessent believes delays favor Trumps position, with refunds possibly spread over weeks, months, or a year if needed.

On Monday, Bessent announced Treasury initiatives to combat government benefits fraud in Minnesota, following detection of Somali fraudsters sending federal support funds overseas. According to Debevoise and Plimpton, these measures aim to strengthen the financial system and protect taxpayers, tying into a new White House backed Division for National Fraud Enforcement at the Justice Department. The Cato Institute raised alarms, with scholar Nicholas Anthony criticizing it as expanding financial surveillance under the Bank Secrecy Act, potentially restricting Americans from sending money abroad.

Meanwhile, Politico reports White House tensions over a Justice Department probe into Federal Reserve Chair Jerome Powell, which blindsided aides and rattled bond market expectations. Bessent had prepared for a smooth Fed transition, anticipating Trumps announcement of a replacement before or after Davos, but the feud risks market instability.

Bessent also expects 2025 budget data to show a deficit reduction of 300 to 400 billion dollars from 2024, boosting fiscal capacity. The Denver Gazette echoes his confidence on tariff refunds amid lawsuits from Costco, Kawasaki Motors, Revlon, and others.

Thank you for tuning in, listeners. Please subscribe for more updates.

This has been a Quiet Please production, for more check out quietplease.ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

Treasury Secretary Scott Bessent addressed concerns over potential refunds for President Donald Trumps emergency tariffs in a Reuters interview on Friday. He assured that the United States Treasury holds nearly seven hundred seventy four billion dollars in cash as of Thursday, more than enough to cover any refunds if the Supreme Court rules against the tariffs imposed under the International Emergency Economic Powers Act. Bessent noted that repayments would occur gradually over weeks, months, or even a year, not all at once. He doubted the court would side against Trump, calling any refunds a corporate boondoggle since companies like Costco, which sued the government, would unlikely pass savings to customers. Bessent disputed claims of high tariff pass through to consumers, stating it was very very little if any, and rejected links to inflation.

On the fraud front, Bessent announced Treasury initiatives on January ninth to combat government benefits fraud in Minnesota, following detection of Somali fraudsters. These measures aim to prevent recipients of federal support funds from sending money overseas via remittances and strengthen the financial system to protect taxpayers. The Cato Institute criticized the move as building a legacy of financial surveillance and control, expanding Bank Secrecy Act oversight.

Bessent expressed frustration over a criminal investigation into Federal Reserve Chair Jerome Powell, according to CNN sources on January thirteenth. He told associates he is unhappy with the Justice Department probe into Powells handling of a Federal Reserve building renovation, fearing it could unsettle markets and the global economy. Politico reports White House aides are freaked out about bond market risks, disrupting Bessents plans for a smooth Fed transition as Powells term ends in May. Republicans like Senator Thom Tillis voiced opposition, urging quick resolution to avoid political interference with Fed independence.

Thank you listeners for tuning in, and please subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent has spent the last few days at the center of several major economic and geopolitical developments in his role as United States Secretary of the Treasury. According to Reuters, he has been working to reassure markets that the Treasury can easily handle potential financial fallout from a key Supreme Court case involving tariff refunds on Chinese imports. In comments reported on Friday, Bessent said that even if the Court rules against the administration and forces the government to return billions of dollars in tariffs, covering those refunds would not be a problem for the Treasury, stressing that the United States balance sheet remains strong and that any payouts would be manageable within existing financing plans. Reuters notes that this stance is meant to calm concerns about an unexpected hit to federal revenues and avoid spooking bond investors who are already watching deficits and interest costs closely.

At the same time, Bessent is positioning the Treasury as a driver of a broader strategy to reduce global economic dependence on China, especially for critical minerals needed for clean energy technologies and advanced manufacturing. The Japan Times reports that Bessent will host Group of Seven finance leaders and officials from the European Union, Australia, India, South Korea, and Mexico, urging them to accelerate efforts to diversify away from Chinese supplies of rare earths and other critical minerals. According to that reporting, the countries attending the meeting together account for about sixty percent of global demand for these materials, giving Bessent a platform to push for coordinated investment, new supply chains, and shared financing tools. His goal is to build what he describes as resilient, secure supply networks that reduce the risk of economic coercion and single supplier shocks.

In parallel, Bessent is playing a prominent role in reshaping United States policy toward Venezuela after the fall and capture of Nicolás Maduro. Fox Business, citing an interview Bessent gave to Reuters, reports that he is preparing to support additional sanctions relief on Venezuela as soon as next week, specifically to facilitate increased oil exports and attract new investment into the countrys energy sector. He indicated that the United States is effectively de sanctioning the oil that is going to be sold, while still retaining leverage over Caracas on governance and transparency issues. In the same interview, Bessent said he is exploring ways to unlock nearly five billion dollars in Venezuela’s frozen assets at the International Monetary Fund, known as Special Drawing Rights, to support economic stabilization if certain conditions are met.

Fox Business also highlights that these financial moves tie into a broader White House strategy under President Donald Trump to stabilize Venezuela, safeguard its oil revenues in United States accounts, and encourage American energy companies to expand operations there under a post Maduro framework. Bessent plans to meet with the heads of the International Monetary Fund and the World Bank to discuss how multilateral institutions can re engage with Venezuela, using Treasury tools to guide the country back into the global financial system while trying to prevent corruption and misuse of funds.

Together, these developments show Bessent moving on three fronts at once. Domestically, he is signaling confidence that the Treasury can absorb legal and fiscal shocks linked to tariffs. Internationally, he is leading an effort to restructure critical mineral supply chains away from China, and in the Western Hemisphere, he is using sanctions, financial diplomacy, and international institutions to manage the transition in Venezuela and its vital oil sector.

Thank you for tuning in, and be sure to subscribe so you do not miss the next update. This has been a quiet please production, for more check out quiet please dot ai.

For more http://www.quietplease.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

Scott Bessent has spent the past few days at the center of several fast moving Treasury stories, touching trade, energy and global economic security. Listeners looking to understand his latest decisions as Secretary of the Treasury will find a clear pattern. He is signaling a more activist role for the United States in reshaping the world economy while trying to contain financial risks at home.

According to Reuters, Bessent said on Friday that it would be no problem for the Treasury to cover potentially large tariff refund payments if the Supreme Court rules against President Trumps tariff policy. In that interview, he argued that the United States balance sheet is strong enough to handle repayments to importers without jeopardizing broader fiscal stability, framing the issue as a matter of legal obligation rather than policy preference. This stance suggests he is preparing markets and lawmakers for an adverse court decision while trying to avoid panic about the budget impact.

At the same time, he is using sanctions policy to advance geopolitical and energy goals. Fox Business reports that Bessent signaled the United States could lift additional sanctions on Venezuela as soon as next week to support the countrys oil sales and broader economic stabilization. In comments shared via Reuters and Fox Business, he said he plans to meet with the heads of the International Monetary Fund and the World Bank to discuss renewed engagement with Venezuela, including the possibility of unlocking nearly five billion dollars in International Monetary Fund special drawing rights that have been frozen under existing restrictions. He framed this potential shift as part of a broader Trump administration effort to stabilize Venezuela after the capture of former dictator Nicolas Maduro and to encourage new United States investment in its oil sector.

Bessent is also pressing allies to reduce dependence on China for critical minerals. The Japan Times reports that he will use a high level gathering of Group of Seven finance ministers and officials from the European Union, Australia, India, South Korea and Mexico to push for quicker action in diversifying away from Chinese supplies of rare earths and other key materials. According to that report, the countries represented account for roughly sixty percent of global demand for critical minerals, giving Treasury led coordination significant potential leverage over future supply chains.

Taken together, these moves portray Scott Bessent as a Treasury Secretary willing to accept near term financial costs, recalibrate sanctions and rally allies in order to reshape strategic economic relationships, from tariff litigation at home to energy and minerals abroad.

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.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI

Listeners, U.S. Treasury Secretary Scott Bessent has spent the past few days at the center of several major economic moves that could change how Americans borrow, spend, and pay taxes.

According to The Street and Fox Business, Bessent just unveiled a new No Tax on American Car Loan Interest rule, a key piece of President Donald Trump’s One Big Beautiful Bill Act that was signed into law last summer. Under this policy, eligible taxpayers who buy new vehicles assembled in the United States between 2025 and 2028 can deduct up to ten thousand dollars per year in auto loan interest. Bessent has emphasized that this applies even if taxpayers take the standard deduction, and that it is targeted to working and middle income families, with the benefit phasing out for higher earners.

This announcement comes as Americans face record car payments and longer loan terms. The Street reports that average monthly finance payments hit new highs, pushing more buyers into risky, very long term auto loans. Bessent is framing the deduction as both affordability relief for families and an incentive to strengthen domestic manufacturing, since only U.S. assembled vehicles qualify.

At the same time, Bessent has been previewing what he calls very large tax refunds tied to the broader One Big Beautiful Bill Act. Local outlet 13WHAM in New York notes that he has been on a media tour highlighting provisions such as no federal tax on Social Security benefits, no tax on tips up to a set amount, no tax on overtime up to a defined cap, and a much higher ceiling on property tax deductions for many homeowners. Tax experts interviewed by 13WHAM caution that outcomes will vary widely by household, but they agree that many taxpayers will see noticeably larger deductions and potentially bigger refunds this filing season.

On the international front, Bessent has also moved to reshape how American companies are taxed overseas. The Foodservice Equipment Distributors Association reports that the United States just finalized a revised agreement with more than one hundred forty five countries that effectively exempts U.S. headquartered firms from the Organisation for Economic Cooperation and Development fifteen percent global minimum tax known as Pillar Two. Under the new side by side structure, those companies will be subject only to the U.S. global minimum tax. Business groups, including the National Association of Manufacturers, are calling this deal a major victory, arguing that it protects U.S. tax sovereignty and preserves incentives for research, development, and domestic investment.

Taken together, these moves show Bessent using the Treasury Department to cut targeted taxes at home while pushing back against multilateral tax rules abroad, with direct consequences for car buyers, workers, retirees, and large corporations.

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.ai

Get the best deals https://amzn.to/3ODvOta

This content was created in partnership and with the help of Artificial Intelligence AI