We inherited the worst budget deficit in history — in history — when we were not in a recession or not at war.
Scott Bessent
The Public Record
U.S. Secretary of the Treasury in the Trump administration; hedge-fund manager and founder of Key Square Group.
[E]conomic security is national security, for a nation that cannot manufacture, mine, ship, or refine its needs gradually cedes its strength—and sovereignty—to others.
We measured abundance at the checkout counter rather than the factory gate.
[T]rade policy, industrial capacity, and national security are inseparable.
We treated efficiency as a substitute for resilience, and consumption as a measure of prosperity.
I do think these Trump accounts are going to be game changers in terms of financial literacy in terms of making people want to learn about it.
The U.S. will not tolerate any effort to impose a tolling system in the Strait of Hormuz.
All nations should reject Iran’s efforts to disrupt the free flow of commerce.
So right now, there is proposed legislation that is in front of the House, in front of the Senate, to change the first requirement so that a living person, Donald J. Trump, could be on the $250 bill.
So we have prepared in advance that if the legislation is passed. But we will stick to the law.
As treasury secretary, I have two mandates for US currency at present: that no living person can be on US currency, and the currency must say ‘In God we trust’.