4.1 • 753 Ratings
🗓️ 18 June 2025
⏱️ 67 minutes
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| 0:00.0 | Hello and welcome back to the Podforce One podcast. I'm Miranda Devine. Our weekly podcast |
| 0:08.0 | features the biggest players in Washington. And today, we're coming to you from the US Treasury |
| 0:14.0 | and we're speaking with one of the most important figures in global finance, Treasury Secretary Scott Besant. Thank you very much, |
| 0:22.9 | Secretary Besant, for being our second guest on Podforce One. I know you're incredibly busy. |
| 0:29.8 | And you've brought us into this absolutely beautiful room in the historic Treasury building. |
| 0:34.9 | Can you tell us a little about it? |
| 0:36.5 | Miranda, first of all, congratulations from the podcast. |
| 0:39.6 | This room is one of three museum offices here in the fantastic Treasury Building. |
| 0:46.7 | Solomon Chase was the Treasury Secretary for Abraham Lincoln during the Civil War, |
| 0:53.0 | and he financed the United States or the Union Army. |
| 0:57.5 | So he created the term Greenback. |
| 0:59.6 | And he led the war effort. |
| 1:04.0 | And there have been several times during the course of the United States history, when Treasury has been called on to really hold the |
| 1:14.3 | nation together. Once it's during the Civil War, during the Depression, during World War II |
| 1:20.4 | to finance the war effort, and then during COVID. So we're sitting here today, this office, it's the exact furniture, his portrait |
| 1:31.3 | is in here, same everything. So this is a museum quality office. It's not my office. It's the |
| 1:38.9 | general counsel's office, but I like coming down and sitting in it sometimes. It must be |
| 1:43.5 | incredible for you to come from Wall Street to basically your living history. |
| 1:49.3 | Your predecessor, the very first Treasury Secretary was, of course, Alexander Hamilton, the original |
| 1:54.8 | tariff man. |
| 1:56.0 | Was. |
| 1:56.5 | Are there echoes in his career in what you're doing today? |
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