Executive agency responsible for promoting economic prosperity & ensuring financial security of the United States. Led by 79th Treasury @SecScottBessent
MUST-READ from @SecScottBessent for @WSJ: Hamilton Inspires Trump’s Economic Statecraft - Every nation 'ought to endeavor to possess within itself all the essentials of national supply.’ 🇺🇸
Today, Treasury’s Office of Foreign Assets Control imposed sanctions on targets linked to procurement and recruitment networks fueling Sudan’s devastating civil war. These networks have enabled both sides to expand the scale and intensity of the conflict, contributing to one of the world’s worst humanitarian crises, further destabilizing an already fragile region, and posing threats to the security and interests of the United States.
The United States extends its deepest condolences to the people of Venezuela following yesterday’s devastating earthquakes and the tragic loss of life and destruction they have caused. Today, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued Venezuela General License 60, expanding Treasury’s authorizations to support emergency earthquake relief efforts in Venezuela. U.S. sanctions programs include broad authorizations for humanitarian activities, and this General License provides additional clarity and certainty for those seeking to deliver earthquake assistance, enabling them to focus on supporting affected communities and advancing recovery efforts in Venezuela.
Today, Treasury’s Office of Foreign Assets Control imposed sanctions on a network working in coordination with the Rwandan-backed March 23 Movement to illegally smuggle minerals from eastern Democratic Republic of the Congo to Rwanda. This action supports the historic U.S.-brokered Washington Accords for Peace and Prosperity.
.@SecScottBessent tells @BretBaier: Prosperity is coming under @POTUS. The underlying economy is very strong. We’re going to get on the other side of this Iran conflict, and the inflation will come back to target. We’ll go back to real wage growth… We can’t have real durable prosperity without economic security.
.@SecScottBessent on Trump Accounts: “@POTUS is going to have a long-lasting legacy… We will look back and think that this is the most important benefit for young people since the GI Bill… 38 percent of American households have no exposure to our great equity markets. They do not participate in the innovation. They do not participate in the American capital markets. And this initiative, I believe, is a substantial and necessary step toward changing that.”
.@SecScottBessent on @SquawkCNBC: “It is also the 250th anniversary of Adam Smith’s The Wealth of Nations. Adam Smith could not have imagined what the United States would have unleashed by letting people innovate, form their own businesses, and live in a free society. When you unleash human potential like only the United States has. We should be proud of this in our 250th year."
.@SecScottBessent on @SquawkCNBC: "Our economic policies strayed from our interests over the past couple of decades, and @POTUS has just called for a rethink. We have all hands-on deck in the administration, whether it is our foreign policy, our economic policy, and our military policy. Everyone wants to be part of the U.S. economy."
We have rediscovered at great cost what America’s first @USTreasury Secretary Alexander Hamilton taught us: the nation that depends on its adversaries for critical inputs is neither truly sovereign nor truly prosperous.
As we approach 250 years of American independence, we would do well to remember that our founders left us more than a Republic—they bequeathed a roadmap powerful enough to sustain it for two and a half centuries and beyond.
On the eve of America’s 250th anniversary, the most fitting way to honor those who founded this great nation is to meet the pressing challenges of our own time with the same resolve that they brought to theirs.
Last night at @EconClubNY, I made clear that under @POTUS’ leadership, @USTreasury is working to restore economic security as the foundation that allows a nation to fulfill its most basic obligations—and to strengthen the security, prosperity, and freedom of our people for the next 250 years and well beyond.
Today, under the leadership of @SecScottBessent and @POTUS, Treasury took action to further dismantle overseas scam operations targeting American victims.
Under President @realDonaldTrump and @VP, we continue to make the world safer and more prosperous.
In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country.
As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil.
Today, Treasury’s Office of Foreign Assets Control sanctioned Hizballah-aligned Lebanese officials, as well as members and interlocutors of a Hizballah-associated business network. The Lebanese officials designated today have used their influence to obstruct Lebanon’s peace process and delay the disarmament of Hizballah.
Assistant Secretary Chris Pilkerton on the @decidersshow podcast: @POTUS@realDonaldTrump’s America First Investment Policy sets the standard for how @USTreasury’s Office of Investment Security operates. Through initiatives like the Known Investor Program and Strategic Vendor Program, CFIUS is streamlining reviews, strengthening supply chains, and supporting economic growth while safeguarding national security.
Under @SecScottBessent leadership, Treasury is working around the clock to protect Americans – particularly seniors – from scams, fraud, and financial exploitation. This Administration is committed to ensuring that older Americans can live out their golden years without fear of fraud, abuse, or being taken advantage of by malicious actors. Treasury and our partners on the Elder Justice Coordinating Council are reminding Americans of helpful tactics to spot and avoid scammers.