Executive agency responsible for promoting economic prosperity & ensuring financial security of the United States. Led by 79th Treasury @SecScottBessent
Washington, DC, USA
Joined March 2010
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Treasury Department retweeted
President Trump’s energy dominance and deregulatory agenda is cutting through red tape and putting American production ahead of radical climate ideology.
U.S. crude oil and natural gas output increased by 3.1 million barrels of oil equivalent per day when compared with the last year of the Biden Administration.
Production powers prosperity.
Treasury Department retweeted
U.S. blockade, sanctions crippling Iran's economy, Treasury report says
axios.com/2026/10/30/iran-wa…
Treasury Department retweeted
.@SecScottBessent in Minnesota:
“The Vice President’s task force first convened in March, and he has worked tirelessly to restore vigilance and responsible stewardship in the management of public money. Since January 2025, the Trump Administration has uncovered more than 260 billion in fraud, prevented 72 billion in taxpayers’ funds from going out the door to elicit actors annually, and brought enforcement actions against nearly $60 billion. No where is the work more urgent than here in Minnesota.”
Treasury Department retweeted
Today, I joined my colleagues @FBIDirectorKash, @DrOzCMS, @AFergusonFTC, and @AAGMcDonald in Minnesota as we move to the next phase of our fight against fraud. Treasury is deploying every tool to hold perpetrators to account.
The industrial-scale fraud that Tim Walz and his administration allowed to fester is his defining legacy. But with President Trump back in office, Washington is no longer content to watch Minnesota’s fraud epidemic spiral from a distance.
The days of indifference are over. Under @POTUS’s leadership, wherever the money leads, the full weight of the federal government will follow.
U.S. Secretary of the Treasury Scott Bessent Holds Press Conference in Minnesota on the Trump Administration's War on Fraud
Secretary of the Treasury Scott Bessent Holds a Fraud Task Force Press Conference in St. Cloud, Minnesota nitter.cf/i/broadcasts/1aKbdEjyA…
Treasury Department retweeted
A San Francisco Federal Reserve paper recently found that the influx of unauthorized immigrants under the radical left accounted for 20% of rent growth during the 2021-2024 Bidenflation surge.
By contrast, President Trump’s immigration enforcement policies are producing the opposite effect. State-level data show a strong association between increased immigration enforcement and more affordable rents.
@POTUS will always put American families FIRST.
Today’s Q3 GDP report confirms that a new American industrial supercycle is underway. Growth beat expectations yet again at 3.4%, household demand remained robust, and equipment investment posted its fastest Q1–Q3 pace since 2010.
This is @POTUS' economic agenda in motion, turning investment into production and blueprints into paychecks.
WATCH IN FULL: @SecScottBessent joins @CNBC to discuss President Trump’s pro-growth economic agenda, the benefits of the Working Families Tax Cuts, and the success of Operation Economic Outcast.
.@SecScottBessent: “The Working Families Tax Cuts—a very powerful bill. On one side, great incentives for business: full deduction and expensing for equipment, factories, and agricultural structures. On the other side, the President’s four signature tax policies: no tax on tips, no tax on overtime, no tax on Social Security, and deductibility of American car loan interest.”
.@SecScottBessent: “At the G20 in Asheville, North Carolina, in August, we pushed all the G20 members toward growth. We said that the biggest risk to financial stability is a lack of growth.”
.@SecScottBessent: “Last Wednesday was the eight-week anniversary of Operation Economic Outcast, and it has been very successful. This is the toughest operation ever to isolate a single economy in the history of the world.”
Today, Treasury’s Office of Foreign Assets Control sanctioned 10 individuals and one entity for their roles in Democratic People’s Republic of Korea (DPRK) government-run IT worker schemes that defraud U.S. businesses and generate revenue for the DPRK’s unlawful weapons of mass destruction and ballistic missile programs. The DPRK continues to rely on fraudulent documents, stolen identities, and fabricated personas to conceal its IT workers and secure employment with legitimate companies, including those in the United States and allied countries.
home.treasury.gov/news/press…
Treasury’s Office of Foreign Assets Control imposed sanctions on the Rwandan Ministry of Defence and Zigama Credit and Savings Society, a Rwandan financial institution that has played a key role in facilitating Rwanda’s support for the March 23 Movement and its political wing, the Congo River Alliance.
home.treasury.gov/news/press…
America’s manufacturing sector has expanded for nine consecutive months, with 72,000 manufacturing jobs added in 2026 through September.
President Trump’s economic agenda is rebuilding America’s industrial base.
In 2025, the official poverty rate fell to a record low, while real median household income rose 2.6 percent to a record-high $87,460.
President Trump’s economic agenda is delivering for American families.
Treasury Department retweeted
Treasury launched Operation Economic Outcast to tighten the noose and block every potential source of revenue that funds the IRGC and murderous Iranian regime.
Less than two months later, we have decimated every layer of Iran’s oil lifeline. Its shadow tanker fleet stands depleted. Its main oil terminal sits empty. And its offshore reserves are now exhausted. Meanwhile, ordinary Iranians continue to endure a deepening economic crisis because the regime squanders its resources on violence and terrorism abroad instead of the prosperity of its people at home.
As President Trump takes action that his predecessors long deferred, the United States is no longer managing the Iranian threat. We are ending it.
Treasury Department retweeted
Before: tankers filled Iran’s main oil-loading terminal.
After: no crude tankers in sight.
Kharg Island is now nothing more than a monument to the one thing the Iranian regime can still produce: failure.
The regime’s arrogance and belligerence continue to punish ordinary Iranians. Operation Economic Outcast is cutting off the regime’s oil lifeline, denying it resources to fund terrorism, nuclear procurement, and the lavish lifestyles of the IRGC elite.
Treasury Department retweeted
Under President Trump, this Administration continues to restore the path to affordable homeownership for millions of young and working families. Treasury is working to ensure American families and workers have a fair shot at purchasing homes in their communities by increasing housing supply and limiting large institutional investors’ role in the market, while supporting a strong, stable housing market and avoiding unnecessary disruption.
home.treasury.gov/news/press…
President Trump fundamentally transformed the future of finance with the signing of the GENIUS Act last year.
Today, U.S. Treasury’s @USOCC took a critical step toward implementing this historic legislation with the release of a final rule that delivers a federal framework for payment stablecoins that further cements American dominance in digital assets.
Today, as part of Operation Economic Outcast, Treasury sanctioned Panama- and Greece-based law firm Karnakis and Karnakis, shipping agents, and vessels which have supported illicit Iranian shipping activity, indirectly aiding Tehran’s ability to generate revenue to fund its military, weapons, and nuclear programs. Throughout Operation Economic Outcast, Treasury has continued to coordinate with counterparts in Europe and around the world to sever the Iranian regime’s remaining economic lifelines.
home.treasury.gov/news/press…