# US Treasury Secretary Scott Bessent policy developments > Live situation record from CLSTR: https://clstr.news/situations/us-treasury-secretary-scott-bessent-policy-developments > Updated: 2026-09-09T17:41:55.000Z. Sources: 13. Developments: 2. U.S. Treasury Secretary Scott Bessent has outlined a dual focus for the administration, addressing both domestic economic performance and the use of financial resources as a tool for foreign policy. Domestically, Bessent defended the administration’s economic policies, citing wage growth that outpaces inflation and the impact of the Working Families Tax Cuts, which he noted provided $82 billion in relief. He highlighted the creation of over 900,000 private-sector jobs as evidence of the nation’s economic trajectory. On the international stage, Bessent expressed intentions to utilize the U.S. Treasury balance to build alliances within the Americas. He specifically pointed to interventions in Argentina, such as a $20 billion currency swap in 2025, to stabilize the peso and support President Javier Milei’s government. Bessent indicated that this strategy aims to foster stability and support right-wing governments in countries including Chile, Colombia, Ecuador, and Bolivia. ## Timeline ### 2026-09-09: Scott Bessent to use U.S. Treasury for foreign policy U.S. Treasury Secretary Scott Bessent announced plans to use Treasury resources for foreign policy, citing financial support for Argentina's Javier Milei government as a model for building regional alliances. 7 sources. https://clstr.news/cluster/scott-bessent-to-use-us-treasury-for-foreign-policy ### 2026-09-07: Scott Bessent defends Trump administration economic policies US Treasury Secretary Scott Bessent highlighted wage growth, private-sector job creation, and $82 billion in tax relief as key successes of the Trump administration's economic policies. 6 sources. https://clstr.news/cluster/scott-bessent-defends-trump-administration-economic-policies --- Cite as: US Treasury Secretary Scott Bessent policy developments. CLSTR, https://clstr.news/situations/us-treasury-secretary-scott-bessent-policy-developments