Secretary Scott K. H. Bessent's Statement Before the United States House of Representatives Appropriations Subcommittee on Financial Services and General Government

As prepared for deliveryChairman Joyce, Ranking Member Hoyer, and Members of the Subcommittee—I’m grateful to join you today. Treasury is eager to work with members of Congress to fund key priorities to strengthen our economy. And we look forward to coordinating with you on the President’s budget as soon as it is released. Today, I wish to highlight the Department’s efforts to boost U.S. economic growth, improve government efficiency, and target illicit actors that threaten our national security. The core components of the Trump economic agenda are trade, tax cuts, and deregulation. These are not standalone policies. They are interlocking parts of an engine designed to drive economic growth and domestic manufacturing: Tax cuts and cost savings from deregulation raise real incomes for families and businesses; tariffs create an incentive for reshoring jobs and fair trade; and deregulation complements tariffs by making it easier to invest in