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Scott Bessent: “The GAO numbers, not my numbers, believe that there's about…”

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

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Treasury Secretary Scott Bessent holds White House press briefing — 5/28/2026

Published | Video Starts at 15:45

What's your timeline for achieving that and how do you think, what can you say to make the markets given where rates are like kind of process, kind of what your plan and agenda is? Well, The GAO numbers, not my numbers, believe that there's about 500 billion a year of fraud. So could we very quickly get 250 billion billion of that? The budget deficit is approximately 1.8 trillion. So that would reduce the deficit substantially. (15:45–15:52)

CLAIM

Asserts that the Government Accountability Office estimates $500 billion a year in fraud.

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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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