BESSENT: Chinese Dec 8 Treasury Dept hack thru work-from-home software; China 100 new coal plants

BESSENT: The December 8th hack by Chinese entities into the Treasury Department was through a work-from-home software app.

In the Trump administration, we’ll be IN THE OFFICE.

WYDEN: “We are in an arms race on clean energy with China.”

BESSENT: “China will build 100 new coal plants this year. There is not a clean energy race. There is an energy race.”

Scott Bessent shuts down media lies about President Trump’s view of the Fed: “There was a highly inaccurate Wall Street Journal article saying he believed something to the effect that he should be in the room. President Trump is going to make his views known.”

Treasury Secretary-designate Scott Bessent: Since November 5th, for small businesses, we have seen the BIGGEST increase in optimism since they have been keeping the metrics — and I think we will see an even bigger increase.

https://www.facebook.com/HygoNewsUSA/videos/1527459941297913

BESSENT: Chinese Dec 8 Treasury Dept hack thru work-from-home software; China build 100 new coal plants

Key Points

BESSENT: The December 8th hack by Chinese entities into the Treasury Department was through a work-from-home software app

• In the Trump administration, we’ll be IN THE OFFICE
• WYDEN: “We are in an arms race on clean energy with China
• ”

BESSENT: “China will build 100 new coal plants this year

Transcript Highlights

The following is transcribed from the video audio:

• As we saw from the December 8th hack by some Chinese entities into the Treasury, which was very serious, that that was through a work from home software app
• So one of the policies that I support, I intend to be in the building every day that I am in Washington, and I support a return to the office, which is against the current Treasury policy
• Before you reduce carbon, the bigger your tax savings
• Now there is a big effort in the Trump administration to reverse it
• I think that’s going to be bad for the economy, but it is going to be damn good for China, because we are in an arms race on clean energy with them
• Are you going to be on the side of people who want to unravel this
• Senator Wyden, just so we can frame this for everyone in the room, China will build a hundred new coal plants this year
• China will build 10 nuclear plants this year
• And I would note that the IRA, as scored by the CBO, is wildly out of control in terms of spending on the upside
• The state of the States thinks that the president should have influence over the decisions of the Federal Reserve

Full transcript: 536 words transcribed via Whisper AI.