Secretary Bessent supports House’s decision on Trump’s economic strategy

Scott Bessent U.S. Secretary of the Treasury - Official Website
Scott Bessent U.S. Secretary of the Treasury - Official Website
0Comments

U.S. Secretary of the Treasury Scott Bessent has responded to the House’s recent decision to advance the permanence of the Tax Cuts and Jobs Act (TCJA) through the budgetary process. In his statement, Secretary Bessent heralded this legislative move as not only a budgetary victory but also a testament to the direction and resolve of the Trump Administration’s economic strategy.

“This vote is more than a budget win; it’s a statement of purpose and strength, which affirms the Trump Administration’s commitment to delivering growth and opportunity,” he remarked.

Secretary Bessent expressed encouragement at the unity within the Republican Party under President Donald J. Trump’s leadership. He noted the expedited actions by the House to support American taxpayers and businesses, reflecting a concerted effort to propel economic progress.

“I am greatly encouraged by the incredible Republican unity under President Donald J. Trump’s leadership and the historic speed by which the House is acting to stand with American taxpayers and job creators,” Bessent stated.

He emphasized that the Trump Administration remains dedicated to fostering a climate of certainty, simplicity, and stability that will pave the way for sustained prosperity for all Americans.

“The Trump Administration will continue pushing for the certainty, simplicity, and stability that will unlock long-term prosperity for all Americans,” Bessent concluded.



Related

Todd M. Harper, NCUA Chairman - National Credit Union Administration (NCUA)

NCUA seeks public input on fifth round of deregulation proposals affecting credit union rules

The National Credit Union Administration (NCUA) has announced its fifth round of proposed regulatory changes as part of its ongoing Deregulation Project.

Travis Hill, Chairman

FDIC releases November 2025 CRA compliance ratings for state nonmember banks

The Federal Deposit Insurance Corporation (FDIC) has released its latest list of state nonmember banks evaluated for compliance with the Community Reinvestment Act (CRA).

Arvind Krishna, Chairman and CEO at IBM

IBM selected for $151 billion Missile Defense Agency SHIELD contract

IBM has been chosen to support the Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) program.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Monetary Brief.