• Introduces Treasury Secretary Scott Bessent and asks about new whistleblower initiative for fraud recovery.
    Joe Kernan
  • Scott Bessent
    Announces Treasury whistleblower program with rewards up to 10-30% of fines recovered, targeting fraud in government programs like Minneapolis daycare scams.
  • Asks about Kevin Warsh Fed confirmation hearing obstacles and DOJ investigation.
    Joe Kernan
  • Scott Bessent
    Confirms hearing will proceed despite Senator Tillis hold; criticizes Fed construction project overruns and $100B annual losses from bond purchases.
  • Asks about strong jobs report (30,000 jobs, 4.3% unemployment) and why public mood remains glum.
    Joe Kernan
  • Scott Bessent
    Highlights private sector job growth (170,000), reduction in government jobs, and construction jobs surge; says 2025 sets table, 2026 will be 'banquet' with factory completions.
  • Asks about deficit/GDP, CBO estimates, and growth outlook.
    Joe Kernan
  • Scott Bessent
    Criticizes CBO static scoring; says deficit/GDP fell from 6.97% (2024) to 5.4% (2025) due to constrained spending and growth; bond market tame because 'getting fiscal house in order'.
  • Asks about China trade strategy: fair rivalry or softening?
    Joe Kernan
  • Scott Bessent
    Says strategy is 'engage, fair trade, derisk' not decouple; bringing back factory jobs after China shock wiped out workers.
  • Asks about AI potential and President Trump's 15% growth comment.
    Joe Kernan
  • Scott Bessent
    Predicts productivity and investment boom from AI; says inflation coming down, could be near Fed's 2% target by mid-year.
  • Asks why affordability remains concern despite strong data.
    Joe Kernan
  • Scott Bessent
    Compares post-Biden economy to 'massive auto pileup' making people skittish; says energy prices falling will help inflation; real wage growth coming.
  • Asks about crypto volatility and legislation.
    Joe Kernan
  • Scott Bessent
    Says Bitcoin sell-offs average 58%, current volatility partly self-induced by crypto firms blocking Clarity bill; urges passage for market comfort.
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