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🚨 HOLY CRAP! Scott Bessent just PUMMELED Gavin Newsom in Davos "He's here this week with his billionaire sugar daddy, Alex Soros!" 🔥 "I think it's very, very ironic that Newsom — who strikes me as Patrick Bateman meets Sparkle Beach Ben — may be the only Californian who knows less about economics than Kamala Harris!" BOOM!

President Trump is taking decisive against the egregious fraud being committed against American taxpayers, and @USTreasury is following the money. We took on the mafia. We took on the cartels. Now, we are cracking down on Somali fraud networks and money being wired out of our country. We are opening investigations and putting an end to illicit activities in order to defend taxpayers and put America First.

@SecScottBessent: "Under Governor Tim Walz, billions of dollars intended for families in need, housing for disabled seniors, and services for children were diverted to benefit fraudsters. I am here this week to single the @USTreasury's unwavering commitment to recovering stolen funds, prosecuting fraudulent criminals, preventing scandals like this from ever happening again."

Antifa militants are circulating a guide that describes how to destroy domestic infrastructure by creating incendiary devices. Journalist Andy Ngo drew attention to the guide in a post on Twitter. “Antifa accounts are sharing a guide on how to make incendiary devices that will burn cables used in infrastructure, like on train tracks,” Ngo posted. “Antifa and anarchist extremists believe that domestic terrorist attacks must be used to destabilize and destroy the state.” Ngo’s post included a photo of an Antifa account, Anarchist Federation News, that was circulating the guide. Since Trump’s return to the White House, it’s become clear...

NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 Trade Act that give the president sweeping powers over import duties. “We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” he said during an onstage interview at The New York Times DealBook Summit. Asked by host Andrew Ross Sorkin —...

The govt shutdown made a mess of the economic data surveying and statistical analysis generally needed for accurate snapshots of the economy. However, the Bureau of Labor and Statistics (BLS) was able to release the September jobs report data {SEE BLS REPORT HERE}.The geopolitical trade reset continues delivering domestic economic fluctuations, as each sector and specific international dependency reacts to President Trump’s shifts and turns in targeted economic policy. The September jobs report caught the economic pundits off-guard, as it showed a much bigger gain in jobs than they expected.As noted by MSM, “The US added 119,000 jobs in September,...

Sunday marks day 32 of the Schumer Shutdown and day 2 of no funding for the Supplemental Nutrition Assistance Program (SNAP), a program on which millions of Americans rely to put food on the table. As RedState previously reported, two federal judges, in two separate cases, on Friday "ordered the Trump administration to use contingency funds to issue SNAP benefits as the benefits are set to run out on Saturday, given the lapse in appropriations."In the wake of those two orders, President Trump took to social media to explain that there may be a legal issue that prevents his administration...

The photo of Bessent’s phone taken by the Associated Press during a United Nations session last week appears to show texts from Secretary of Agriculture Brooke Rollins, who said, “We bailed out Argentina yesterday (Bessent) and in return, the Argentine's removed their export tariffs on grains, reducing their price, and sold a bunch of soybeans to China, at a time when we would normally be selling to China.” The messages referenced the $20 billion aid package by the Trump administration designed to help Argentina and its president, Javier Milei, a Trump ally. After the announcement of the aid, Argentina turned...

President Donald Trump hinted that a deal has been reached regarding TikTok, the app called “a modern-day Trojan Horse” by the Chinese government, amid ongoing trade negotiations between the United States and China. The Hill reports that in a recent post on his Truth Social platform, President Donald Trump suggested that his administration has reached an agreement concerning TikTok, the embattled video-sharing app owned by China-based ByteDance. The announcement comes as the U.S. and China engage in high-level trade discussions. “The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will...

Treasury Secretary Scott Bessent and Bill Pulte, director of the Federal Housing Finance Agency, got into an explosive argument last week — with threats of physical violence involved, The Post has confirmed. Two sources say that Bessent, 63, threatened to beat up Pulte, 37, for allegedly trash-talking him to President. At one point, the Treasury chief lashed out at Pulte, saying: “Why the f— are you talking to the president about me? F— you.” “I’m gonna punch you in your f—ing face,” added Bessent.rump, two sources said. The shouting match was first reported by Politico and broke out at the...

The White House revealed on Friday the team that will accompany US President Donald Trump to the Alaska summit on Friday. Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Commerce Secretary Howard Luntick, Special Envoy Steve Witkoff and Central Intelligence Agency (CIA) Director John Ratcliffe are among the top US officials who will join Trump for his highly anticipated meeting with Russian President Vladimir Putin and his delegation. Additionally, White House Press Secretary Karoline Leavitt, Chief of Staff Susie Wiles and Deputy White House Chief of Staff Dan Scavino, among others, are expected to travel with the US president...

U.S. officials warned Chinese authorities that they could face higher tariffs if they continue purchasing oil from Iran and Russia, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters after two days of meetings in Stockholm. “It’s no secret the Chinese are buying 90% of the Iranian oil,” Bessent told reporters. The U.S. officials also informed the Chinese of a bill moving through Congress that would authorize the president to impose tariffs of up to 500% on nations that import Russian oil, saying that they believed other nations would follow suit. “We explained the nature of the...

Treasury Secretary Scott Bessent said Sunday on CNN’s “State of the Union” that Democrats who opposed Medicaid work requirements in President Donald Trump’s “Big Beautiful Bill” think “poor people are stupid.” Host Dana Bash said, “I’m sure you’ve seen and heard a lot of the concern, including, and especially from Republicans who are the most vocal in Congress, about the fact that those work requirements are going to be very cumbersome to actually prove. And it will inevitably force the people who need that Medicaid coverage off the rolls.” Bessent said, “Well, first of all, the Republicans are not the...

Largest tax cut for American workers aims to cement blue-collar boom and make life affordable againThe same issues that drove the Founders to declare independence from the Crown in 1776 drove 77 million Americans to the polls in 2024: heavy taxes, weak leadership, and an overreaching government numb to the needs of its citizens. President Trump won in a landslide victory by offering powerful solutions to each of these problems. He is the American people's declaration of independence from business as usual in Washington.The president seeks to serve "the forgotten men and women of America." And the One Big, Beautiful...

On Monday’s “Alex Marlow Show,” host and Breitbart Editor-in-Chief Alex Marlow discussed Treasury Secretary Scott Bessent rebuffing host Margaret Brennan on inflation Sunday on CBS’s “Face the Nation.” Bessent said, “When we were here in March, you said there was going to be big inflation. There hasn’t been any inflation. Actually, the inflation numbers are the best in four years. So why don’t we stop trying to say this could happen, wait and see what does happen.” Marlow said, “This is the exact same thing with the egg prices. We were told the egg prices are not coming down and...

With so much going on these days — on multiple fronts — it's difficult to keep up with it all. On Tuesday alone, there were multiple cabinet secretaries testifying before Congress, President Donald Trump made multiple appearances, commenting on everything from trade to FIFA, the Houthis cried "Uncle!", and India and Pakistan appear primed to bust out into an all-out war. All of which is to say: I didn't have an opportunity to watch Treasury Secretary Scott Bessent's testimony before the House Appropriations Financial Services and General Government Subcommittee oversight hearing live. But looking back over some of the key...

In a wide-ranging and unapologetically pro-growth address Monday, Treasury Secretary Scott Bessent laid out the Trump administration’s economic vision for the next four years, calling on global investors to align with what he described as a “new Golden Age” for American enterprise. Speaking before an audience of business leaders, financiers, and policymakers at the Milken Institute’s annual Global Conference, Bessent delivered what amounted to a comprehensive blueprint for the administration’s domestic agenda—one built around three interlocking pillars: strategic tariffs, aggressive tax incentives, and sweeping deregulation. “Our goal is not simply to grow the economy,” Bessent said. “It’s to re-anchor global...

Just shy of two weeks ago, President Trump spoke with assurance during a media event in the Oval Office with Italian Prime Minister Giorgia Meloni that negotiations with Ukrainian President Volodymyr Zelensky were in a good place, and that U.S./Ukraine minerals deal could be signed shortly. Treasury Secretary Scott Bessent piped up later on Apr. 17 that the timeline was looking closer to the 26th. The images of the two leaders' last meeting in D.C., with Zelensky causing a commotion over the president's and Vice President JD Vance's responses to his strident statements during their sit-down, then departing from the...

US Treasury Secretary Scott Bessent made significant comments about the ongoing tariff tensions with China at a closed-door investor summit on Tuesday in Washington. According to Bloomberg, Bessent told attendees that the standoff with China -- which he said was essentially an embargo -- is unsustainable and that he expects it to de-escalate. He said that while formal negotiations haven't commenced, a deal remains possible. Risk assets have rallied on this.

President Trump has replaced the acting commissioner of the Internal Revenue Service after his appointment just days earlier set off a power struggle between Treasury Secretary Scott Bessent and the billionaire Elon Musk, five people with knowledge of the change said Friday. Mr. Bessent’s deputy, Michael Faulkender, will be the new acting leader, replacing Gary Shapley, the Treasury Department confirmed on Friday. Mr. Faulkender will be the third acting leader of the agency this week. Mr. Bessent had complained to Mr. Trump this week that Mr. Musk had done an end run around him to get Mr. Shapley installed as...