Treasury Secretary Scott Bessent was on “Sunday Morning Futures” to discuss the cost of living and President Trump’s tireless efforts to grow and protect the economy. In light of challenges such as the recent government shutdown, the Trump administration has been working diligently to protect the interests of American citizens.
Bessent and Bartiromo also discussed rare earth minerals, which are related to companies that are involved with the US Military.
“Is China holding back rare earth magnets from companies tied to the US Military right now?” Bartiromo asked.
“I think that Wall Street Journal reporting is not very accurate. We haven’t even finished the agreement, which we hope to be done by Thanksgiving,” Bessent said.
“I’m confident that they will honor their agreement, and if they don’t, we have lots of levers,” Bessent continued.
“Are you saying that you do not expect the Chinese Communist Party to hold back rare earth minerals from military-related companies in America?” Bartiromo asked.
“I am saying the agreement is that the magnets will flow freely as they did before April 4th,” Bessent said.
Bartiromo and Bessent also discussed the issue of affordability in light of all the problems the previous four years under Biden created. Bessent explained President Trump’s commitment to helping families by his commitment to improving the economy.
“I want to move onto affordability because this is another issue that the Biden administration brought you,” Bartiromo said.
“There is more talk about the struggles in the cost of living,” Bartiromo said.
“I know that President Trump has been able to rein in inflation, certainly the cost of some foods and energy, but what is your take on what you just heard?” Bartiromo referencing a conversation with Omaha Steaks CEO Nate Rempe about the high cost of beef.
“The beef market is a very specialized market. It goes in long cycles, and this is the perfect storm, again, something we inherited,” Bessent said.
“The cost-of-living, Maria, is two parts. So, we inherited this terrible inflation. We are flattening it out. I believe we are going to push it down,” Bessent said.
“The real thing that is going to happen, that is going to give Americans real purchasing power increases, it’s going to be through growth. We passed the One Big Beautiful Bill,” Bessent explained.
“In July, families are going to be able to apply for any child born from January 1st, 2026, for the next three years is going to get a Trump account that’s a thousand dollars for each newborn that’s gonna go into the stock market. And that’s gonna be invested for the next 18 years,” Bessent said.
“President Trump is committed to getting money back to families,” Bessent said.
Watch:
Today, exclusively on @SundayFutures with @MariaBartiromo, Treasury Secretary Scott Bessent @SecScottBessent spoke about the U.S and China continuing talks on rare-earth materials.@FoxNews pic.twitter.com/xyqlQeG2t1
— SundayMorningFutures (@SundayFutures) November 16, 2025
The post “President Trump is Committed to Getting Money Back to Families” – Treasury Secretary Scott Bessent on the Cost of Living (VIDEO) appeared first on The Gateway Pundit.