『101 - The Secretary of the Treasury』のカバーアート

101 - The Secretary of the Treasury

101 - The Secretary of the Treasury

著者： Quiet. Please
無料で聴く

このコンテンツについて

 This is your What does the US Secretary of the Treasury do, a 101 podcast.

"Secretary of the Treasury: Living Biography" is an insightful biographical podcast offering a deep dive into the lives and legacies of every Secretary of the Treasury. Updated regularly, each episode explores the key decisions, challenges, and impacts made by these influential figures in economic history. Perfect for history enthusiasts, economics students, and anyone curious about the evolution of U.S. financial policy, this podcast brings the past to life with in-depth research and engaging storytelling. Discover the fascinating stories behind America's economic architects today.

For more info go to

https://www.quietplease.ai

Check out these deals https://amzn.to/48MZPjsCopyright 2024 Quiet. Please 政治・政府 政治学
エピソード
  • "Treasury Secretary Actively Balances Global Diplomacy and Domestic Economic Concerns"

    "Treasury Secretary Actively Balances Global Diplomacy and Domestic Economic Concerns"
    2025/05/29
    Treasury Secretary Scott Bessent has been actively engaging in international diplomacy while simultaneously addressing domestic economic concerns over the past week.

    On May 23, 2025, the Treasury Department announced immediate sanctions relief for Syria, marking a significant shift in U.S. foreign policy. This move comes as part of the administration's broader recalibration of international economic relationships.

    Most recently, Secretary Bessent met with Japanese Finance Minister Katsunobu Kato on the sidelines of the G7 Finance Ministers and Central Bank Governors meetings in Banff, Canada. During their meeting, they discussed the U.S.-Japan economic relationship, global security matters, and ongoing bilateral trade discussions. They also reaffirmed their shared belief that exchange rates should be market-determined, specifically noting that the current dollar-yen rate reflects economic fundamentals.

    On the domestic front, Bessent has been advancing a plan to bring down long-term Treasury yields by lowering the supplementary leverage ratio (SLR) for banks. In a recent interview, he stated, "I think we are very close to moving the supplementary leverage ratio, SLR. That is moving along very quickly between the three banking regulators." This potential regulatory change, which Bessent suggested could be implemented "over the summer," would theoretically allow banks to hold more U.S. government debt and lend more freely.

    The Treasury Secretary has also been focused on reducing government spending, what he has termed a financial "detox." In recent statements, Bessent has emphasized making government operations more efficient, particularly at the IRS. During his May 7 testimony before the House Committee on Financial Services, he highlighted successful cost-cutting measures, including a $2 billion reduction in the IRS IT budget achieved by "eliminating, renegotiating, and descoping wasteful IT and professional services contracts."

    Bessent has maintained a firm stance on market dynamics, rejecting the notion of government intervention to prop up falling stock markets. In a recent CNBC interview, when asked about a potential "Trump put" (government action to support declining markets), Bessent bluntly stated, "There's no put," emphasizing that the administration is focused on implementing policies rather than directly supporting stock prices.

    The Treasury Department, under Bessent's leadership, has also intensified efforts against financial crime, launching what he called a "maximum pressure campaign against violent cartels and terrorist networks," which includes assessing "tens of millions of dollars in civil penalties against organizations facilitating money laundering along the Southern Border."

    As the Trump administration moves past its first 100 days, Bessent continues to advocate for making the Trump tax cuts permanent, signaling this as a key priority in the coming months.
    続きを読む 一部表示
    3 分
  • "Treasury Secretary Bessent Leads US Economic Agenda, Tackles Global Challenges"

    "Treasury Secretary Bessent Leads US Economic Agenda, Tackles Global Challenges"
    2025/05/27
    In recent days, Secretary of the Treasury Scott Bessent has played a prominent role in both domestic and international economic affairs. Bessent recently met with Japan's Finance Minister Katsunobu Kato during G7 meetings in Banff, Canada. The two leaders discussed the US-Japan economic relationship, focusing on global security and bilateral trade issues. They affirmed their commitment to market-determined exchange rates, stating that current dollar-yen levels reflect economic fundamentals and that foreign exchange rates were not a topic of direct negotiation.

    Domestically, Bessent addressed Congress as the administration seeks to cement its economic agenda. He highlighted tangible progress in curbing inflation, with the consumer price index for all items declining for the first time since the COVID pandemic. Bessent emphasized recent drops in energy prices and described ongoing efforts to increase government efficiency, particularly at the IRS. Notably, the Treasury has cut $2 billion from the IRS IT budget by eliminating wasteful contracts and plans to reduce IRS paper processing costs dramatically through automation and policy changes. These initiatives aim to save taxpayers hundreds of millions annually and streamline government operations.

    In his congressional testimony, Bessent also reinforced the administration's focus on cracking down on financial crime. Treasury has intensified efforts against cartels and terrorist networks by leveraging sanctions and civil penalties to disrupt illicit financial flows from countries such as Mexico, Guatemala, China, and Iran. The department has also underscored the importance of making permanent the Trump tax cuts, expecting that continued cooperation between Congress and the White House will further bolster Main Street prosperity.

    On financial markets, Bessent has downplayed concerns over recent stock market volatility. Speaking with NBC, he attributed the sharp selloff to a short-term reaction while expressing confidence in the resilience and functioning of the financial system, even after major indices experienced one of their worst declines since 2020. Despite warnings from Wall Street about potential economic downturns driven by tariffs, Bessent maintained that a recession is not inevitable and that market mechanics continue to function smoothly.

    Policy-wise, Bessent has emerged as a moderating influence on trade issues, advocating for measured approaches amid ongoing tariff disputes. However, he is regarded as a fiscal hard-liner, advocating for significant reductions in government spending. He has warned that current levels of government expenditure are unsustainable, well above what inflation and population growth would justify. With ongoing budget debates and a temporary pause on new tariffs, Bessent is expected to be a central figure in discussions on fiscal discipline and the broader trajectory of US economic policy.

    As the Treasury moves forward, Bessent has outlined ambitions to restore balance in global financial systems and reform international organizations like the IMF and World Bank. He has called for these institutions to refocus on their core mandates and demonstrate real accountability, underscoring the administration’s intent to leverage US influence to shape global economic governance.

    Through these actions and public statements, Scott Bessent has become a visible and consequential leader in shaping both the direction of US economic strategy and America's role in international financial affairs.
    続きを読む 一部表示
    4 分
  • Treasury Secretary Bessent Drives Economic Agenda Focused on Main Street America

    Treasury Secretary Bessent Drives Economic Agenda Focused on Main Street America
    2025/05/25
    Treasury Secretary Scott Bessent has been actively engaged on the international stage in recent days. On May 21, 2025, he met with Japanese Finance Minister Katsunobu Kato during the G7 Finance Ministers and Central Bank Governors meetings in Banff, Canada. Their discussions centered on the U.S.-Japan economic relationship, global security concerns, and ongoing bilateral trade negotiations. Both officials reaffirmed their shared belief that exchange rates should be market determined, specifically noting that the current dollar-yen rate reflects economic fundamentals.

    Bessent's trip to Canada began on May 20, when he traveled to Banff to participate in the G7 Finance Ministers meeting. His agenda focused on addressing global economic imbalances and non-market practices in both G7 and non-G7 countries, while emphasizing the need to generate private sector-led growth.

    Just days ago, on May 23, Secretary Bessent gave a notable interview to Bloomberg's David Westin for Wall Street Week. During this conversation, he discussed President Trump's tax bill currently moving through Congress, efforts to establish new trade deals, developments in the bond market, and potential easing of rules restricting trading in the Treasuries market. Bessent also addressed questions about Harvard University's tax-exempt status.

    Earlier this month, on May 7, Bessent delivered testimony before the House Committee on Financial Services where he highlighted the administration's progress on inflation. He noted that the Consumer Price Index for energy goods declined in March, as did the price index for core goods, with the CPI for all items declining for the first time since the COVID pandemic.

    During his congressional appearance, Bessent also emphasized Treasury's focus on improving governmental efficiency, particularly at the IRS. He reported that the department successfully cut $2 billion from the IRS IT budget without operational disruptions by eliminating wasteful contracts and addressing inefficiencies like auto-renewed licenses that had gone unused for years.

    Bessent has positioned himself as a proponent of economic policies that benefit Main Street, stating in a recent address to the American Bankers Association that "for the next four years, the Trump agenda is focused on Main Street. It's Main Street's turn to hire workers. It's Main Street's turn to drive investment, and it's Main Street's turn to restore the American Dream."

    The Treasury Secretary continues to advocate for making the Trump tax cuts permanent and has been working closely with Congress to advance legislation to that effect, which he believes is key to expanding economic opportunity for all Americans.
    続きを読む 一部表示
    3 分

101 - The Secretary of the Treasuryに寄せられたリスナーの声

カスタマーレビュー：以下のタブを選択することで、他のサイトのレビューをご覧になれます。

Audible.co.jp

Amazon.co.jp
レビューはまだありません。