Treasury Secretary Scott Bessent

On Veterans Day, we salute the brave men and women who have worn the uniform of the United States of America. Their courage in serving a cause greater than self has earned the gratitude of every generation they have helped to keep free. May God bless our great veterans and their families.

Trump Accounts are building a future where every child can share in our nation’s growth, giving millions a foundation to fund an education, buy a first home, or build a secure retirement. @POTUS believes that the American Dream belongs to every American family. Through Trump Accounts, we are equipping the next generation to claim its rightful share of it. TrumpAccounts.gov

Congratulations to @StephenM on his appointment as White House Chief of Staff. Stephen is one of President Trump’s longest-serving and most trusted advisors, and he has worked to advance the President’s agenda on behalf of the forgotten men and women of America. Whether combating fraud, contributing to Venezuela policy, or making D.C. safe and beautiful, Stephen is an effective and tireless leader for the Administration. As Stephen assumes his new role, I would like to thank @SusieWiles47 for serving President Trump and the American people with great distinction. Our country has benefited from Susie's dedication and leadership, and those of us privileged to work alongside her have benefited no less from her strength and generosity of spirit.

Thanks to America’s unrivaled entrepreneurial spirit and dynamism, the re-industrialization and re-privatization of the American economy are gathering extraordinary force. Today’s jobs report shows our great American companies have created nearly 400,000 private-sector jobs in the past three months. Manufacturing employment has now risen by over 100,000 in 2026 alone. We are fundamentally rebalancing the American economy, away from government-led growth and toward private investment, productive employment, and the revival of our industrial base.

Under @POTUS’s leadership, the Working Families Tax Cuts permanently renewed and strengthened Opportunity Zones, giving investors, entrepreneurs, and local leaders the long-term certainty they need to commit capital to communities that have been overlooked for too long. Today’s announcement of the new designations will help direct private investment to these communities, expand economic opportunity, support job creation, and unlock long-term growth in these communities across the country. home.treasury.gov/news/press…

As we have said many times, under Operation Economic Outcast, you are either with us or against us. We know where you are, and we will sanction those who continue supporting the Iranian regime, whether by land, sea, or air.

Today, I met with Venezuelan Foreign Minister @OliverBlanco and congratulated him on his appointment. We discussed developments in Venezuela and the Trump Administration’s three-phase approach: stabilization, recovery, and transition. This Administration is committed to supporting Venezuela’s economic recovery, revitalizing critical sectors, boosting energy production, and reconnecting its financial sector to restore confidence, attract investment, and lay the groundwork for a more prosperous future.

There has never been a better time to invest in the USA. Equipment investment, a close proxy for CapEx, has soared to a record high, with 16.6% annualized growth so far in 2026—the strongest Q1-Q3 performance in sixteen years. This kind of unprecedented investment would not be possible without @POTUS’s proactive trade policy, full expensing in the Working Families Tax Cuts, and America’s extraordinary entrepreneurial dynamism.

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.

The Strait of Hormuz transit levels are back to pre-conflict levels minus Iranian barrels. The world can live without Iranian oil. Iran cannot live without oil exports.

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.

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.

Under Operation Economic Outcast, Iran’s regime is running out of lifelines, and its proxies are feeling the pressure. Tehran is struggling to move money, while the IRGC is reportedly failing to pay its own troops. We are cutting the regime’s ability to fund the Houthis, Hamas, and Hizballah. We will not allow Tehran to continue financing their campaign of terror.

The North Korean regime continues targeting and exploiting American companies through fraudulent activities conducted by its overseas IT operatives, who weaponize sensitive data and extort businesses for substantial payments. Under President Trump’s leadership, Treasury will continue to use all available tools to protect U.S. businesses from these malicious activities and hold those responsible accountable.

Today, the United States makes good on President Trump’s promise to hold Rwanda accountable for its commitments under the Washington Accords for Peace and Prosperity. Rwanda must halt its support for M23 and withdraw its troops from eastern DRC.