79th United States Secretary of the Treasury
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American families are reaping the benefits of @POTUS’ pro-growth tax policies.
This past filing season, the average tax refund reached over $3,400, thanks to the Working Families Tax Cuts. American taxpayers are keeping more of their hard-earned income, strengthening household finances and giving families greater confidence to save, invest, and plan for the future.
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Today, I had a productive call with Japanese Finance Minister Satsuki Katayama. Our conversation built on President Trump’s discussion with Prime Minister Sanae Takaichi earlier this week and reflected the strength of the U.S.–Japan partnership.
We discussed the desirability of a strong yen that reflects Japan’s strong economic fundamentals, and the importance of staying in close communication on currency markets.
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Economic growth accelerates when businesses are able to invest, innovate, and compete rather than navigate unnecessary bureaucracy.
Under @POTUS, 129 regulations have been eliminated for every new rule introduced. By reducing red tape, the Trump Administration has created an environment where businesses can expand, hire, and invest in the American economy.
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The private sector is driving America’s economic resurgence.
Since January 2025, more than one million private-sector jobs have been created while the federal workforce has been reduced to its lowest levels since the 1960s.
At the same time, more than 1.3 million additional native-born Americans are working.
These are the hallmarks of an economy powered by investment, opportunity, and the American worker.
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Today in Washington, Vice Premier He Lifeng and I held substantive discussions on the U.S.-China economic relationship ahead of President Trump’s meeting with President Xi. Our discussions continued to focus on securing meaningful commitments that protect American workers, farmers, and businesses while advancing U.S. economic and national security interests.
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America’s economic success depends on translating investment into productive capacity, good-paying jobs, and long-term growth.
The construction boom we are seeing across the nation is laying the foundation for a manufacturing resurgence as we bring more jobs back from overseas.
In fact, manufacturing employment has surged by nearly 58,000 jobs this year, while goods-producing industries have added 150,000 jobs. America is rebuilding the industrial base that will power our economy and secure our sovereignty.
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.@POTUS’ pro-growth agenda is restoring purchasing power for working families.
As wages continue to outpace inflation, real weekly earnings for blue-collar manufacturing workers have risen 4.1%, while blue-collar construction workers have seen a 5% increase since January 2025. Rising real wages remain one of the clearest signs that Americans are finally gaining ground after historic inflation under Biden’s reckless tax and spend policies.
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In New York City, Vice Premier He Lifeng and I are continuing our discussions on the U.S.-China economic and trade relationship ahead of @POTUS’ historic summit with President Xi in Washington. These talks help lay the groundwork for President Trump to advance America’s economic interests and deliver results for the American people.
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.@larry_kudlow in @NewYorkSun gets it right. Here are the facts:
The dollar was on one side of 89.2% of global FX trades.
Foreign investors still hold enormous amounts of U.S. assets. The principal stablecoins are dollar-denominated. Treasury buybacks are about adding liquidity and managing the maturity structure, not somehow controlling a $30T+ market.
Median household income in 2025: $87,460 — a record.
Official poverty rate: 10.2% — a historic low.
Atlanta Fed GDP forecast: 5.1% annualized real GDP growth in Q3.
And that’s before looking under the hood at the private-sector momentum behind capex and the AI buildout.
The latest numbers show continued employment growth, while business investment and capital expenditures have been expanding, as the CapEx comeback story has continued to broaden out, with nearly 20% more equipment investment in Q2 2026 than at the end of Biden’s term.
Americans deserve honest coverage.
In the New York Times’s latest feeble attempt at delivering a hit piece on the greatest economy in history, the discredited journal selectively excludes data that contradicts this dull narrative. Granted, it’s nothing new that they fail to provide their readers with the full story.
Complicated financial realities should not be reduced to easy-to-read sentences that serve a preordained narrative.
This article’s problem is not complexity. It is selectivity.
If capital is supposedly running from America, why does the data keep showing strong foreign demand for U.S. assets?
If investors are “balking” at Treasuries, someone forgot to tell the bidders.
Norway is not looking elsewhere; it is switching from Treasuries to agency bonds. Still US assets.
Netherlands is bringing gold back from North America, including Ottawa as well as New York, reflecting a home country preference.
We see this morning that Saudi Arabia has dropped out of mBridge and others are likely to follow.
And if digital finance is supposed to threaten the dollar, why are stablecoins overwhelmingly dollar-denominated?
The record is not ambiguous.
nysun.com/article/the-new-yo…
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Great to welcome @jakepaul to the Treasury Department today.
Jake’s path from content creator to entrepreneur and professional boxer is a distinctly American story. 🇺🇸🇺🇸🇺🇸
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Today’s designations of Iranian digital asset infrastructure make perfectly clear that efforts to finance the Iranian regime using cryptocurrencies are not beyond OFAC’s reach. If you support the Iranian regime, the Department of the Treasury will sanction you.
Today, as part of Operation Economic Outcast, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated key components of the Iranian regime’s digital assets-based sanctions evasion infrastructure. Targets include BitBank, a priority digital assets venture controlled by OFAC-designated Iranian financier Babak Zanjani; BitBank’s developer, Pishtaz Simorgh Electronic Trade Company; and three associates of Zanjani.
home.treasury.gov/news/press…
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Treasury Secretary Scott Bessent retweeted
WATCH: JPMorgan Chase Chairman and CEO Jamie Dimon discusses how President Trump’s policies are supporting growth across America
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$82 billion.
That is how much tax relief American families and workers claimed through this filing season under @POTUS’ Working Families Tax Cuts. The overwhelming majority of that relief went to households earning less than $200,000. This administration is ensuring that Promises Made are Promises Kept.
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Under @POTUS, the private sector has created over 1 million jobs. Real wages are outpacing inflation. The bottom 25 percent of wage earners are seeing larger wage increases than those at the top. And the Working Families Tax Cuts has delivered the largest share of tax relief directly to millions of low- and middle-income Americans.
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Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial support that allows the Iranian regime to sustain its terrorist enterprise. Treasury will not tolerate any support to the regime and will continue to identify, expose, and isolate Iran’s enablers.
Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Assets Control designated prominent Russian financial institution VTB Bank for its involvement in Iranian sanctions evasion, including establishing correspondent relationships with sanctioned Iranian banks. Operation Economic Outcast continues to sever the remaining economic lifelines that sustain the Iranian regime.
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I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
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Treasury launched Operation Economic Outcast to cut off all financial lifelines to the Iranian regime and its enablers. That’s why I issued a new call for whistleblowers to come forward with tips about those who facilitate Iran’s terror.
To anyone worldwide with information on these lifelines: This is your chance. If you have actionable information for Treasury, you may be eligible for an award, no matter where you live or who signs your paycheck. If you see something, say something.
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