According to media reports, people familiar with the matter said that at a meeting with the Treasury Department in January, US Treasury Secretary Bessent directly questioned the Deputy Secretary of the Treasury John Hurley, who is responsible for terrorism and financial intelligence affairs, and loudly criticized and made obscene remarks in front of many of his subordinates. Bessent was so loud that employees in nearby offices could hear it. Sources said that after a few weeks, Bessent discussed with his staff to find another position outside the Ministry of Finance for Hurley, who has already been confirmed by the Senate. Hurley was later transferred as the US ambassador to the Organization for Economic Cooperation and Development. At the time, the finance minister was facing the toughest challenge in his career, and Hurley's departure was an example of a series of exodus from senior finance department personnel. According to people familiar with the matter, Bezent's style of conduct was the trigger, and sometimes the main reason, for many core officials to leave their jobs. According to more than a dozen current and former Ministry of Finance officials, since taking office as finance minister in early 2025, Bezent has reprimanded both senior advisors and grassroots workers, regardless of the size of the incident. But instead, Trump relied more heavily on Bezent and authorized him to address a number of problems, including high borrowing costs, difficult to contain inflation driven by energy prices, and the rapid accumulation of government debt. At the same time, Bezent was also ordered to pass a plan called “Operation Economic Abandonment” to end the war against Iran by economic means. A senior government official who has worked with Bezent said that the entire burden of the president's economic policies falls on this finance minister. “Scott can't afford to lose,” the official said. Bezent once suggested that Trump implement the “3-3-3” policy: reduce the budget deficit to 3% of GDP by 2028, promote a 3% increase in GDP, and increase oil production by 3 million barrels per day. However, the actual economic growth rate is only about 2%, and oil production has increased by less than 1 million barrels per day since Trump took office. According to data from the US Responsible Federal Budget Committee, the current budget deficit accounts for more than 6% of GDP, and the total US debt recently exceeded 40 trillion US dollars.

Zhitongcaijing · 2d ago
According to media reports, people familiar with the matter said that at a meeting with the Treasury Department in January, US Treasury Secretary Bessent directly questioned the Deputy Secretary of the Treasury John Hurley, who is responsible for terrorism and financial intelligence affairs, and loudly criticized and made obscene remarks in front of many of his subordinates. Bessent was so loud that employees in nearby offices could hear it. Sources said that after a few weeks, Bessent discussed with his staff to find another position outside the Ministry of Finance for Hurley, who has already been confirmed by the Senate. Hurley was later transferred as the US ambassador to the Organization for Economic Cooperation and Development. At the time, the finance minister was facing the toughest challenge in his career, and Hurley's departure was an example of a series of exodus from senior finance department personnel. According to people familiar with the matter, Bezent's style of conduct was the trigger, and sometimes the main reason, for many core officials to leave their jobs. According to more than a dozen current and former Ministry of Finance officials, since taking office as finance minister in early 2025, Bezent has reprimanded both senior advisors and grassroots workers, regardless of the size of the incident. But instead, Trump relied more heavily on Bezent and authorized him to address a number of problems, including high borrowing costs, difficult to contain inflation driven by energy prices, and the rapid accumulation of government debt. At the same time, Bezent was also ordered to pass a plan called “Operation Economic Abandonment” to end the war against Iran by economic means. A senior government official who has worked with Bezent said that the entire burden of the president's economic policies falls on this finance minister. “Scott can't afford to lose,” the official said. Bezent proposed Trump to implement the “3-3-3” policy: reduce the budget deficit to 3% of GDP by 2028, promote a 3% increase in GDP, and increase oil production by 3 million barrels per day. However, the actual economic growth rate is only about 2%, and oil production has increased by less than 1 million barrels per day since Trump took office. According to data from the US Responsible Federal Budget Committee, the current budget deficit accounts for more than 6% of GDP, and the total US debt recently exceeded 40 trillion US dollars.
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