{"id":2454478,"date":"2025-07-01T19:54:02","date_gmt":"2025-07-01T23:54:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bessent-mocks-musks-advice-i-will-take-care-of-the-finances-washington-examiner\/"},"modified":"2025-07-01T19:55:10","modified_gmt":"2025-07-01T23:55:10","slug":"bessent-mocks-musks-advice-i-will-take-care-of-the-finances-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bessent-mocks-musks-advice-i-will-take-care-of-the-finances-washington-examiner\/","title":{"rendered":"Bessent mocks Musk\u2019s advice: \u2018I will take care of the finances\u2019 &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbessent-mocks-musks-advice-i-will-take-care-of-the-finances-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2454478&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In a recent Fox News appearance, treasury Secretary Scott Bessent responded to criticisms from Elon Musk regarding the recently passed One Big Beautiful Bill Act. Musk has expressed concerns that the tax legislation could add considerably to the national debt and has advocated against it due to its <a href=\"https:\/\/amzn.to\/3YuVZYV\" >perceived negative impact<\/a> on the economy and future industries, including the elimination of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/canada-mexico-angry-over-bidens-support-for-electric-vehicle-tax-credits-citing-trade-agreements\/\" title=\"Canada, Mexico Angry over Biden\u2019s Support for Electric Vehicle Tax Credits, Citing Trade Agreements\">electric vehicle tax credits<\/a>.<\/p>\n<p>Bessent dismissed Musk&#8217;s assertions, particularly his claim that the bill would contribute an additional $5 trillion to the deficit. He argued that the legislation would stimulate unprecedented economic growth, suggesting that it could even lead to a fiscal surplus. Bessent emphasized his confidence in the bill&#8217;s potential to drive growth beyond projections made by the Congressional Budget Office (CBO), which predicts a modest annual growth rate. Bessent concluded by asserting his capability in managing finances, contrasting his fiscal approach with Musk&#8217;s.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Scott Bessent mocks Musk&rsquo;s advice: &lsquo;I will take care of the finances&rsquo;<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2163263\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Treasury Secretary <a href=\"http:\/\/washingtonexaminer.com\/tag\/scott-bessent\" target=\"_blank\" rel=\"noopener\" title=\"\">Scott Bessent<\/a> dismissed Elon Musk&rsquo;s criticisms of the One Big Beautiful Bill Act, which the Senate recently passed.<\/p>\n<p>Musk has consistently <a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3457381\/musk-blasts-senate-version-trump-tax-bill\/\" target=\"_blank\" rel=\"noopener\" title=\"\">complained<\/a> that the tax legislation will contribute to the national debt. As a former adviser to President Donald Trump, Musk has advocated against the bill, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3458824\/elon-musk-porky-pig-party-trump-bill-primary-threats\/\" target=\"_blank\" rel=\"noopener\" title=\"\">pledging <\/a>to create a new political party committed to reducing debt.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/in_focus\/3421064\/trump-crypto-embrace-took-out-biden-regulatory-crackdown\/\">How Trump&rsquo;s crypto embrace took out Biden&rsquo;s regulatory crackdown<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3420589\/scott-bessent-america-retool-nickel-treasury-end-penny-production\/\">Bessent claims America can &#8216;retool&#8217; nickel as Treasury pledges to end penny production<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3414645\/june-social-security-direct-payment-worth-967-goes-out-11-days\/\">June Social Security direct payment worth $967 goes out in 11 days<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;I admire Elon&rsquo;s leadership on rockets,&rdquo; Bessent responded to Musk on Fox News&rsquo;s <em>Fox and Friends<\/em> Tuesday. &ldquo;I will take care of the finances.&rdquo;<\/p>\n<div style=\"width: 100%; max-width: 640px; max-height: 360px; min-width: 320px; min-height: 180px; overflow: hidden;\">\n<div style=\"position: relative; width: 100%; padding-top: 56.25%;\"><iframe src=\"https:\/\/share.grabien.com\/share.php?id=3011194&amp;userid=11311&amp;loginid=10455&amp;playercolor=%23000000&amp;playersize=auto&amp;code=766cf0ef5798f690f8d0f0b21d8724f3\" style=\"position: absolute; top: 0px; left: 0px; width: 100%; height: 100%; border: 0px;\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>Bessent disagreed with Musk&rsquo;s prediction that this bill will add $5 trillion to the current deficit of over <a href=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/national-deficit\/\" target=\"_blank\" rel=\"noopener\" title=\"\">$1.3 trillion<\/a>.<\/p>\n<p>&ldquo;Because this bill will set off growth like we have never seen before,&rdquo; Bessent said. &ldquo;The CBO projections only project 1.8% per year growth, which is substantially below what we saw in President Trump&rsquo;s first term. And I think we are going to see big acceleration here. And once you see the growth trajectory change to an upward bias, the bill more than pays for itself. We could be in surplus.&rdquo;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3459370\/tommy-tuberville-elon-musk-questions-ability-to-fund-primary-challengers\/\" target=\"_blank\" rel=\"noopener\" title=\"TUBERVILLE QUESTIONS MUSK&rsquo;S ABILITY TO FUND PRIMARY CHALLENGERS\"><strong>TUBERVILLE QUESTIONS MUSK&rsquo;S ABILITY TO FUND PRIMARY CHALLENGERS<\/strong><\/a><\/p>\n<p>Musk <a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3457381\/musk-blasts-senate-version-trump-tax-bill\/\" target=\"_blank\" rel=\"noopener\" title=\"\">claimed<\/a> <span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">Friday that the legi<\/span>slation &ldquo;gives handouts to industries of the past while <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-blasts-insane-and-destructive-senate-version-of-trump-tax-bill-washington-examiner\/\" title=\"... blasts \u2018insane and destructive\u2019 Senate version of Trump tax ... - Washington Examiner\">severely damaging industries<\/a> of the future,&rdquo; likely referring to the bill&rsquo;s end of electric vehicle tax credits. The bill&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3458684\/trump-one-big-beautiful-bill-senate-vote\/\" target=\"_blank\" rel=\"noopener\" title=\"\">passed the Senate<\/a> on Tuesday in a 51-50 vote.<\/p>\n<p>Tesla has also been affected by the tariffs Trump imposed against China. While Tesla is the only <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/left-wing-media-watchdog-defends-jennifer-granholms-wealth-after-helping-her-become-a-millionaire\/\" title=\"Left-Wing Media Watchdog Defends Jennifer Granholm\u2019s Wealth After Helping Her Become a Millionaire\">electric vehicle company<\/a> that manufactures its cars in California, some of its parts are still imported.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2163263\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2163263\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scott Bessent ridicules Musk&#8217;s advice: &#8220;I&#8217;ll handle finances.<\/p>\n","protected":false},"author":2631,"featured_media":2454479,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/bessent-treasury-secretary.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[45545,11416,4250],"class_list":["post-2454478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bessent","tag-finances","tag-musk"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/bessent-treasury-secretary.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2454478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2631"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2454478"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2454478\/revisions"}],"predecessor-version":[{"id":2454482,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2454478\/revisions\/2454482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2454479"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2454478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2454478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2454478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}