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Scott Bessent - News and Info Tracker

Scott Bessent - News and Info Tracker

By: Quiet. Please
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 This is your Scott Bessent - News and Information podcast.

Discover the latest updates and insights on Scott Bessent with the "Scott Bessent News and Info Tracker" podcast. Stay informed with regular episodes that cover breaking news, in-depth analysis, and expert commentary on Scott Bessent’s ventures and influence in the financial world. Perfect for investors, industry enthusiasts, and anyone fascinated by the strategies and successes of this leading figure. Tune in to keep your knowledge current and gain a deeper understanding of the financial landscape with Scott Bessent as your focal point.

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Episodes
  • Treasury Secretary Bessent Shapes US Economic and Foreign Policy

    Treasury Secretary Bessent Shapes US Economic and Foreign Policy
    Jul 10 2025
    Over the last several days, Treasury Secretary Scott Bessent has made headlines with a series of moves shaping both United States economic policy and international trade relations. On July ninth, Bessent announced that the US is on track to collect more than three hundred billion dollars in tariffs this year. He referenced a Congressional Budget Office report that estimated tariff collections at two point eight trillion dollars over the next decade. However, Bessent stated that these agency estimates are likely too low. According to the Monday Daily Treasury Statement, one hundred twenty four billion dollars in customs duties had already been collected this fiscal year. This jump in revenue is linked to the new ten percent universal tariffs and recently introduced reciprocal tariffs targeting countries that maintain barriers against American products. President Trump initially imposed a ninety day pause on these tariffs, but extended the deadline to August first. In his latest executive order, Trump made it clear there would be no further extensions beyond that date. Countries that do not reach a deal with the US by then will receive letters confirming they will be subject to tariffs as high as forty percent, a move expected to further boost customs collections. Bessent stated that negotiations continue with eighteen critical trading partners, which cover most of America’s trade deficit, and suggested several major trade announcements are likely in the coming days.

    Bessent has also focused on global security issues. On July ninth, the Treasury took decisive action against Iran’s illicit financial networks by designating twenty two entities across Hong Kong, the United Arab Emirates, and Turkey for their roles in facilitating Iranian oil sales that benefit the Islamic Revolutionary Guard Corps Qods Force. Bessent emphasized that Iran relies on shadow banking systems to offset US sanctions, enabling the regime to fund nuclear ambitions and regional proxies. Treasury’s actions are the second wave of sanctions this summer targeting Iran’s covert financial structure.

    On the diplomatic front, Scott Bessent has been selected to lead the United States delegation to the World Expo in Osaka, Japan, scheduled for July nineteenth, according to a White House announcement. This high-profile international event offers opportunities for economic dialogue with key Pacific partners. In recent days, Bessent also met with King Abdullah of Jordan at the Sun Valley Conference, further underscoring the Treasury Secretary’s active role in shaping US foreign policy.

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    3 mins
  • "Treasury Secretary Bessent Touts Tax Bill's Growth Potential, Warns of Tariffs on Trade Holdouts"

    "Treasury Secretary Bessent Touts Tax Bill's Growth Potential, Warns of Tariffs on Trade Holdouts"
    Jul 8 2025
    Scott Bessent, the Secretary of the Treasury, has been in the spotlight recently for his comments on the One Big Beautiful Bill Act, which was signed into law on July 4. The bill includes significant tax code changes, such as an increase in the State and Local Tax deduction and a bump in the Social Security income tax deduction. Bessent has expressed confidence that the bill will stimulate growth, saying it will make America "affordable again." He believes that the revenue generated from this growth will outpace any increased spending caused by the bill, thus reducing the national debt over time.

    Regarding tariffs, Bessent has warned foreign nations without trade agreements by August 1 that they will face tariffs enacted in April. The administration plans to make several trade-related announcements soon, indicating ongoing efforts to negotiate trade deals.

    There have also been discussions about the possibility of Bessent serving as both Treasury Secretary and Federal Reserve Chair, although this is unprecedented and would require legal adjustments. The White House has denied the rumors, but Bessent has expressed support for lowering interest rates.

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    1 min
  • Headline: Scott Bessent, the Architect of America's Economic Resurgence

    Headline: Scott Bessent, the Architect of America's Economic Resurgence
    Jul 8 2025
    Scott Bessent has been a central figure in economic news over the past several days, making headlines as Secretary of the Treasury during a pivotal period for United States fiscal and trade policy. One of the most significant developments was the recent passage of what Bessent has called the One Big Beautiful Bill. This sweeping piece of legislation is being touted as the cornerstone of a new economic era, with Bessent highlighting its permanent pro-growth tax cuts for families, workers, and job creators. The law also enacts provisions such as No Tax on Tips, No Tax on Overtime, and additional tax cuts for seniors. According to Bessent, this bill prevents what would have been the largest tax hike in U.S. history and locks in certainty for American businesses, ensuring continued hiring, investment, and wage growth, drawing a direct parallel to the economic boom following the 2017 tax cuts. He credits the bill with cementing a blue-collar boom and improving economic prospects across the country, especially as the nation approaches its 250th anniversary.

    Trade policy has also been thrust into the spotlight, with Bessent warning that a new wave of tariffs will take effect on August first. He clarified in recent interviews that this date is not a negotiation deadline but the firm moment when new reciprocal tariffs will be implemented. The administration has struck agreements with the United Kingdom, Vietnam, and reached a limited accord with China, and reports suggest that deals with India and significant progress with the European Union are imminent. Bessent explained that the strategy is to apply maximum leverage by threatening a return to higher tariffs if negotiations do not result in the desired outcomes, which he believes will accelerate progress in ongoing talks. President Trump has indicated that letters will be sent to numerous countries announcing tariff rates ranging from ten to seventy percent, intending to reinforce American trade interests.

    On the international front, Bessent played a key role in supporting the recent decision to terminate U.S. sanctions on Syria, following the end of the Assad regime. He stated that this move is designed to reconnect the Syrian economy with global commerce and assist in the country’s reconstruction efforts. Bessent emphasized that the Treasury would continue to hold destabilizing actors accountable, using the department’s full range of tools to encourage regional stability and economic progress in the Middle East. This policy shift is framed as a chance for Syria to rebuild and for its people to experience relief after years of hardship.

    Bessent has not shied away from the domestic political fray either. In defending the administration’s trillion-dollar domestic legislation, which includes substantial health care cuts and new work requirements for Medicaid recipients, he asserted that no current beneficiaries would see their health benefits cut. Instead, he argued that the renewed manufacturing sector and rising wages would allow more Americans to find good jobs and health coverage outside government programs. Critics, however, warn that these requirements could lead to coverage losses and threaten the viability of rural hospitals.

    Additionally, Bessent has engaged in the broader political debate, notably responding to Elon Musk’s announcement of the America Party. Bessent remarked that while the principles of Musk’s previous party had been popular, Musk himself did not enjoy similar approval, referencing polling data on public sentiment. The Treasurer’s comments reflect the ongoing intersections of politics, policy, and business influence as new political movements emerge and major legislative and executive decisions reshape the economic landscape.

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    4 mins
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