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Scott Bessent: “So many Americans couldn't even meet a $500 emergency.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Bessent defends Powell probe, saying, "independence does not mean no accountability"

Published | Video Starts at 02:13

… changed their ability to do that, would you call this a failure or is there a different way that the treasury measures success in this particular program? As I said, So many Americans couldn't even meet a $500 emergency. So maybe people just put it away and it's their rainy day fund. (02:13–02:18)

CLAIM

Reiterates that many Americans are unable to cover a $500 emergency expense.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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