Scott Bessent: “We are moving beyond ‘pay and chase’ and making prevention the federal government’s first line of defense.”

I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do.

Our message is clear: the Trump administration will identify and disrupt any cartel actor who threatens our security or the integrity of our financial system.

The world has been coming to the U.S., and China has been the missing piece.

Treasury continues to transform how the federal government protects taxpayer dollars by using better data, stronger controls, and advanced technology to stop fraud and improper payments before money goes out the door.