Leads the Department of the Treasury, overseeing economic policy, federal finances, and financial regulation.
- Tax Reform: Working on the permanent extension of the 2017 Tax Cuts and Jobs Act.
- Economic Growth: Promoting policies to incentivize domestic investment and manufacturing.
- Debt Management: Implementing strategies to optimize federal borrowing and fiscal stability.
- Bond Market Buy-back Response (August 2026): His Treasury debt buyback plan to ease bond market pain was dismissed by Wall Street as a "drop in the bucket" amid a larger selloff of longer-term U.S. government debt. Source: Politico, 2026-08-19
- Treasury Personnel Exodus & Iran War (August 2026): Faced an exodus of top Treasury officials at a critical juncture, even as he is poised to take on a larger role in coordinating and managing the economic strategy of the ongoing Iran war. Source: Politico, 2026-08-21
- Iran Economic Sanctions & Warning Shot (August 2026): Initiated an "economic D-Day" against Iran with a warning shot, representing the administration's latest push to force an end to the ongoing six-month war. Source: Politico, 2026-08-24
- Economic D-Day Squeeze & Market Reaction (August 2026): His new plan to squeeze Iran's economy is intended to force Tehran to the negotiation table, though analysts warn it may have the opposite effect and fail to calm volatile energy markets. Source: Politico, 2026-08-25
- Wall Street Market Credibility Backlash (August 2026): Faced growing skepticism from Wall Street, putting his credibility as a steward of U.S. financial markets under threat as bonds and longer-term debt sell off. Source: Politico, 2026-08-26
- Pressure to Target Chinese Financial Institutions (August 2026): Lawmakers from both parties pressed the Treasury to target and sanction Chinese banks enabling Iran to bypass oil sanctions and fund its blockade of the Strait of Hormuz. Source: Politico, 2026-08-26
- Treasury CIO AI Policy Removal (September 2026): Treasury CIO Sam Corcos was removed from working on the Secretary's AI policy after clashing with the West Wing by warning tech industry figures regarding the administration's approach. Source: Politico, 2026-09-09
Confirmed
Data verified as of September 2026.