Scott Bessent: “We support open-source AI and the innovation it unlocks. But open source is not open season on American IP.”

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.

Unequivocally no cuts in Social Security," he said. "The Trump accounts are a supplement, not a substitute… if they have maintained their Trump accounts into retirement age, then they will also have a substantial nest egg that they can…

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.

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