On the record about
2 people · 14 quotes · 20 Aug 2026 to 25 Aug 2026
1 of 2 lane rests on fewer than 5 quotes and is marked thin. Offsets are days from the middle first-quote date, 20 Aug 2026 — a date, and nothing else. It is not a claim about who reached a view first.
Bessent says Treasury buybacks could exceed $4 billion per issue, an increase from routine operations.
“We routinely do buybacks, and we're gonna increase the size of the buyback. And, you know, Sarah, I would note that it could be more than the 4,000,000,000 per issue.”
Bessent argues the American people already had the tariff money through the U.S. treasury.
“The American people had that money. And if I hear another Democratic legislature say make the inane remark, the American people should get the money.”
Bessent explains Treasury can use secondary sanctions because it does not take their use lightly.
“And in the terrorism finance department and at OFAC, the reason we are able to use secondary sanctions is because we do not take their use lightly.”
Bessent emphasizes secondary sanctions are very powerful, naming the acting undersecretary for terrorism finance.
“Secondary sanctions are a very powerful tool, and we here at Treasury this is Gene Wang, the acting undersecretary for terrorism finance.”
Bessent announces a wave of sanctions starting immediately with more to follow at a continuing pace.
“And I want to emphasize that we are spreading out across the world as we speak, that you will see a wave of sanctions when you leave this meeting today, and you should expect that cadence to continue.”
Bessent says Trump Account dollars should work toward children's futures, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,””
Bessent says Trump Account dollars should work toward children's financial future, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,” said Treasury Secretary Scott Bessent”
Bessent states Treasury's goal is to sever every economic lifeline Tehran has left and end the Iranian regime threat.
““Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” said Secretary of the Treasury Scott Bessent .”
Bessent frames Syria sanctions relief as delivering on Trump's promise to give Syrians a chance at greatness.
““Treasury is following through on President Trump’s promise to give the Syrian people a chance at greatness,” said Secretary of the Treasury Scott Bessent”
Bessent says Treasury is relentlessly targeting narcoterrorist networks under Trump's leadership.
““Under President Trump’s leadership, Treasury is relentlessly targeting the narcoterrorist networks that profit from poisoning Americans,” said Secretary of the Treasury Scott Bessent”
Bessent says OFAC is sanctioning over 60 entities worldwide enabling Iran's nuclear, missile, and cyber programs.
“Treasury’s Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels across the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”
Williams says the Treasury General Account could increase by half a trillion dollars in coming months.
“By way of example, we are currently in the midst of a debt ceiling episode, which—if past experience is a guide—could see the TGA fall further before rapidly increasing by half a trillion dollars or more over the course of a few months.”
Williams states Treasury repo market has over $8 trillion in daily average transaction volume.
“Given the size of the Treasury repo market—with over $8 trillion in daily average transaction volume—and its interconnectedness with other segments of financial markets, sound risk management is critical.”
Williams says Treasury's target TGA balance has grown from $320 billion in 2016 to $850 billion in 2025.
“Treasury has increased its assumed quarter-end TGA balance from $320 billion in early 2016 to $850 billion on average in 2025.”