Executive agency responsible for promoting economic prosperity & ensuring financial security of the United States. Led by 79th Treasury @SecScottBessent
.@SecScottBessent: "Thirty-eight percent of American households have no exposure to our great equity market. @POTUS wants to create an ownership society with @TrumpAccounts. For eligible children born during his term, Treasury is going to put a $1,000 seed investment in their Trump Account, but then we also have contributions coming from great philanthropists like Susan and Michael Dell—$6.25 billion."
.@SecScottBessent: “@TrumpAccounts is a legacy policy for @POTUS. As children turn 18, they have a choice with their Trump Accounts. They can roll them into a more standard retirement account, let that money roll until they're 60 or 65, or they can take the money out and use it for education, to start a business, or a down payment on a house."
Another day, another Econ 101 lesson for Professor Warren.
Her “Trumpflation” tracker conveniently ignores the Bidenflation tidal wave that crushed American families, cherry-picks wage growth by refusing to acknowledge positive real wage gains since President Trump came into office, and swaps official medical-care CPI data for premium projections when it suits her narrative.
The Harvard Square inflationista is offering a statistical sleight of hand, not a serious assessment of today’s U.S. economy.
Here is the full picture, including an apples-to-apples comparison of President Trump’s real economic results measured against the failed policies Senator Warren championed under Biden.
Congratulations to @Sonderling47 on his confirmation as Secretary of Labor.
The United States Department of the Treasury looks forward to advancing @POTUS’ economic agenda for the American worker alongside Secretary Sonderling.
Today, at President Trump’s direction, the Office of Foreign Assets Control (OFAC) is immediately issuing a temporary general license to allow the supply of Russian diesel to the global market.
Today, as part of Operation Economic Outcast, Treasury is targeting the remnants of Iran’s shadow fleet: the aging network of tankers the regime relies on to move billions of dollars’ worth of petroleum and petroleum products to foreign markets. Today’s action effectively neutralizes the vast majority of Iran’s remaining shadow fleet network.
https://t.co/2mtRwInkHA
.@SecScottBessent: “The reason we had this crippling inflation under the Democrats was they created a demand shock, but then the regulatory state constricted supply. What President Trump has done is create a private-sector demand shock with tax policy, energy policy, and trade policy—but we have cut regulation. For every new regulation, we have cut 120. So we have created supply.”
.@SecScottBessent: “We have had 1 million private-sector jobs, and those are going to Americans. We are down 300,000 government jobs. We are seeing a manufacturing boom. Last year, we were setting the table, and this year is the banquet. We are seeing construction jobs that are turning into manufacturing jobs. We are seeing fixed-asset investment all across the country. Industry is coming back to the U.S.”
.@SecScottBessent: “As we create an ownership account for every American family via @TrumpAccounts, every family—every child—deserves to have a piece of the American dream, and these Trump Accounts are just that. A child born during @POTUS' presidency—Treasury will seed the accounts with $1,000. For eligible children 18 and under, we have great philanthropists like Susan and Michael Dell, Brad Gerstner, and many others who are putting in substantial gifts, as the President said—many corporations, and many foundations. This is the beginning of the ownership society."
THE FUTURE IS FUNDED. 🇺🇸
Trump Accounts are giving America's next generation a real stake in the American dream, & auto enrollment makes it happen.
70M accounts. $4.5B+ already deposited since July 4th. Claim your Trump Account to unlock the one-time $1,000 contribution. 💸
Before launching Trump Accounts, 38% of Americans did not own a stock.
Now, every member of the next generation will have an investment account, and will benefit from our booming economy.
https://t.co/rSwZweyhUb 🇺🇸
Yesterday, @SecScottBessent joined state and federal lawmakers at the Pennsylvania State Capitol to highlight the automatic enrollment of @TrumpAccounts and expanded access for American children.
Secretary Bessent then joined @PAChamber for a fireside chat on the Administration’s economic agenda and Treasury’s work to drive growth and opportunity for American workers and businesses.
Iran has a new oil minister.
Considering Iran has not loaded a single barrel of crude onto a vessel since August 25th, what is the oil minister managing?
Capital follows confidence.
Since @POTUS took office, the United States has been the world’s leading destination for foreign direct investment.
Under this Administration, lower taxes, fairer trade, and lighter regulation are ensuring that America remains the premier place to invest, build, hire, and innovate.
Across America, families and workers claimed $82 billion in direct tax relief. Ninety-seven percent of filers who would have otherwise owed taxes received a tax cut —and 96% of those who received one earned less than $200,000.
More money in workers’ pockets. More opportunity for Pennsylvania families. An America First economy that puts the American Dream back within reach.
Under Biden, everyday prices in Pennsylvania rose 19.2%, costing the average family more than $28,460.
Under President Trump, core inflation has fallen from 3.3% to 2.4%. The Working Families Tax Cuts protected 223,000 Pennsylvania jobs and preserved $21 billion in wages and $40 billion in economic activity.