Bessent responding to Musk: If Elon sticks to rockets, I'll stick to finance -Fox News interview

Bessent responding to Musk: If Elon sticks to rockets, I'll stick to finance -Fox News interview

In a recent Fox News interview, U.S. Treasury Secretary Scott Bessent offered a firm response to tech mogul Elon Musk's warnings about President Donald Trump's spending proposals. Bessent, who has been at the forefront of managing the nation's finances, dismissed Musk's claims that the proposals would add $5 trillion to the national debt, stating that the bill would stimulate growth and ultimately pay for itself [1].

Musk, known for his outspoken criticism of Trump's policies, had previously expressed his concerns over the "Big Beautiful Bill" and its potential impact on the national debt. He had threatened to support primary challenges against Republican incumbents who backed the bill, and even hinted at the formation of a new political party. However, Bessent was quick to counter these claims, asserting that the spending bill would lead to unprecedented growth and potentially result in a surplus [1].

Bessent's comments come amidst ongoing negotiations with India to lower tariffs on American imports and avoid levies imposed by the Trump administration. The Treasury Secretary expressed optimism about the progress in these trade negotiations, stating that the U.S. and India are "very close" to reaching a deal [2].

The interview also touched on the potential replacement of Federal Reserve Chair Jerome Powell, a position Bessent stated would be decided by the president. When asked about the possibility of deporting Musk, Trump responded that he would consider it but did not provide a definitive answer [3].

Bessent's interview highlights the ongoing tension between Musk and the Trump administration, with both parties exchanging barbs over policy and political stances. Despite these differences, Bessent remains focused on his role as Treasury Secretary, emphasizing his commitment to managing the nation's finances.

References:
[1] https://www.thedailybeast.com/us-treasury-secretary-scott-bessent-confronted-with-musks-bombshell-threatsand-their-white-house-brawl/
[2] https://www.zawya.com/en/world/americas/we-are-very-close-with-india-on-trade-deal-bessent-tells-fox-news-yenyzht9
[3] https://www.ndtv.com/world-news/why-donald-trump-is-looking-into-deporting-elon-musk-8809054