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Howard Lutnick: “The only bank the United States of America has, as far as…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick: How America Can Hit 6% GDP Growth in 2026

Published | Video Starts at 33:50

And when you say to America, is there an account? How does that money then get spent or allocated or. The only bank the United States of America has, as far as like the Secretary of Commerce sees, is called Treasury. Treasury. So we have accounts at treasury and all the money goes into Treasury. So all the tariff money goes into Treasury. All this money just goes into Treasury. (33:50–33:58)

CLAIM

Asserts that the U.S. Treasury is the primary financial institution for government funds.

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