Scott Bessent

speaker
3,921 appearances 268 recordings 20 series first heard Mar 2025 last heard 2d ago

Scott Bessent’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months
86 · Aug OctJan 26AprJulnow

Recordings per month over the last 12 months — 231 in all, peaking in Aug 2026 with 86.

Appearances

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We actually had a fiscal consolidation for the calendar year 2025. matched
We were at about 5.7% of GDP. matched
And one of the things that's temporary here that's influencing the deficit uh has been these tariff refunds. matched
And uh we won't have to do that again. matched
And the Ambassador Greer through the 301 process is re-impling. matched
implementing the same level of tariffs and I would expect that our twenty twenty six tariff income is gonna be roughly what it was in twenty five and we're gonna be able to keep that in terms of the budget consolidation. matched
Uh the other big item in the budget that we're seeing is the uh hit that we're taking from uh to revenues for the immediate expensing of factories and uh equipment. matched
and farm structures and I think that if people sit back and think that's not government spending, uh that is actually an investment in the future and we're increasing the tax base. matched
And that's how that is what measures the wealth of a nation is the ability to uh increase after tax uh return on capital. matched
So we're pulling back matched
the uh think of it as pulling back the slingshot here. matched
We have a lot of potential energy that will turn into kinetic energy during this year, next year as these factories come online. matched
Uh I I think the very very good chance we have that we we are going to be laser focused, as I said, uh O and D director Voke, myself, the President, uh that combined with the Vice President's fraud task force where I think we could save several hundred billion dollars. matched
I have asymmetric information. matched
So you know I think that the market should think, well, why would we have joined the Japanese in the intervention at this time? matched
The uh do we know something the market doesn't know? matched
That in terms of being willing to do you know what I would call a treasury twist here in in terms of the bond market matched
What what do I know that the market doesn't know? matched
So, you know, I I think the market's probably gotten a little a h ahead of itself, l lot of people, uh not much to do in August. matched
Why would it do that? matched
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