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Scott Bessent: “When you have a failed state in South America like…”

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

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Watch CNBC's full interview with Treasury Secretary Scott Bessent

Published | Video Starts at 12:54

What we're doing is maintaining a US Strategic interest in the Western hemisphere. America first doesn't mean America alone. And look, When you have a failed state in South America like Venezuela, now we are having to track down and blow up these cartel ships. So, you know, you don't want to create another failed state. It's my belief that the Obama administration missed a generational opportunity during his eight years. (12:54–13:08)

CLAIM

Asserts that Venezuela's status as a failed state necessitates U.S. action against cartel ships.

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