Scott Bessent: “I wouldn’t be surprised.”

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.

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

As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending.

Today’s actions send a clear message that even the biggest financial institutions are not above the law.