In an interview with Vince Coglian, editor-in-chief of the Daily Carener, U.S. Treasury Secretary, Scott Bescent, teased the major changes that could come for Secret Service under the Trump administration.
During Trump’s first administration, the president had it schedule The Secret Service will be returned from the Department of Homeland Security (DHS) to the Department of Finance. It was a move that officials believed could provide more support to the institution and strengthen financial crime investigations. According to To the New York Times. Bessent told Wmal Radio host Coglianese that bringing the secret service back under the Treasury Department was part of his plan for the Trump administration. (Related: Trump Treasury Department turns Bernie Sanders’ table after he tries to corner him)
“I think [the Secret Service] Maybe I want to go back. It’s a long arc project,” Bescent told the Coglians during a media line at the White House on Wednesday.
“Our number one goal this year is to make the 2017 Tax Cuts and Employment Act permanent. For us, it was passfail, and we’re going ahead. I think the Ministry of Finance can do one big thing in the same year. So, this tax cut and employment law shapes the president’s economic agenda, and if we do so, we’ll sail for the next four years. I think everything else will flow from there, especially for working Americans,” he continued.
“So you imagine returning the Secret Service to the Treasury?” Koglian asked.
“Again, that’s an ambitious thing we want to do in our third or fourth year,” replied Bessent.
As Republican presidential candidate President Donald Trump speaks at a campaign rally at Aero Center Wilmington, held in Wilmington, North Carolina on September 21, 2024, Secret Service agents and local law enforcement agencies are coming up Standing on the roof. Trump is back in Wilmington, North Carolina after a previous scheduled gathering in April was cancelled due to a thunderstorm. (Photo: Anna Money Maker/Getty Images)
Following the September 11, 2001 terrorist attack, DHS began operations in 2003, with the Secret Service moving out of the Treasury Department to help consolidate the agency. Trump’s first Treasury Secretary, Stephen Mnuchin, tried to bring secret services back to power in his department, formerly administrative staff I said NYT. The outlet reported that Congress would need to act to make such a move, but because Homeland Security officials were worried about losing cybersecurity and investigative elements by losing the Secret Service. He was against the movements of that time. But for Munitin, if Secret Service was part of the Treasury, it would have been more beneficial for the country’s national security.
“Because the safety of the financial system is important, I’m worried about cybersecurity in that we need a safe and sound financial infrastructure,” Mnuchin said. axios Initial management. “This is a real problem today.”
Similarly, Bessent told Coglianese that Treasury officials would even extend to national security.
“Most people don’t understand. The Ministry of Finance is economics, but it plays a very big role in national security, whether it’s sanctions against Iran or Russian sanctions, or whether it maintains tracking or not. Bessent explained: “So we’re going to increase scrutiny about those entities, perhaps assets that are located in the US or outside the US.”
