Treasury Secretary Bessent Speaks at Economic Club of Minnesota—Key Takeaways

‘Minnesota, unfortunately, is ground zero for what may be one of the most egregious welfare scams in our nation’s history,’ Bessent said.

Secretary of Treasury Scott Bessent in the Oval Office of the White House on Nov. 21, 2025. Jim Watson/AFP via Getty Images

Treasury Secretary Scott Bessent appeared at the Economic Club of Minnesota on Jan. 8 to highlight President Donald Trump’s economic agenda and expectations for the year ahead from the One Big Beautiful Bill Act.

While the previous administration grappled with a “toxic mix” of immigration, interest rates, and inflation, the Trump-led White House is championing “investment, innovation, and income,” Bessent said.