← Videos · Economy, Tariffs & Trade

Secretary Bessent Calls It the Economy's 'Acceleration Phase' on Sunday Morning Futures, Sep. 27, 2026

September 27, 2026 · U.S. Department of the Treasury · 0:15:10

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

Treasury Secretary Scott Bessent appeared on Fox News’ Sunday Morning Futures on September 27, 2026, in an interview the Treasury Department posted to its official channel. “What we’re seeing now is the acceleration phase for all the hard work,” he said. “We inherited a mess from the Biden administration. We righted the ship.” Many times, he added, “I feel like an emergency room doctor treating a patient that’s been backed over by a truck. And we’ve got the American people back on their feet.”

He walked through what he called the symmetry of the working-families tax cut enacted the previous July 4: on the business side, full expensing for equipment, factories and structures — producing, he said, a factory-building and manufacturing boom not seen in more than a decade; on the household side, the President’s four signature promises — no tax on tips, no tax on overtime, reduced taxes on Social Security (85% of seniors no longer pay tax on their benefits, as he stated it), and deductibility of interest on American-made cars. He cited the Atlanta Fed’s GDPNow at over 5% growth for the quarter, as he noted it, and argued the growth is not inflationary because core inflation has stayed quiescent through the energy shock.

Asked what powers the growth, he put deregulation first: the President’s instruction was 12 or 13 regulations out per new rule, and “for every one rule that went on, it’s more than 120” removed, as he stated it. The result, in his framing, is “parallel prosperity” — Wall Street and Main Street doing well together — with a million private-sector jobs added this year and the federal workforce down 300,000, as he stated the figures.

Why it matters

The Sunday Morning Futures interview is Bessent’s acceleration-phase thesis in one segment — tax symmetry, deregulation and non-inflationary growth — delivered a day before the final full month of the midterm campaign, and it carries the GDP and jobs figures the scoreboard will check against the quarter’s published data.

Scoreboard watch

Scoreboard watch: the figures as stated on September 27, 2026 — Atlanta Fed GDPNow above 5% for the quarter, more than 120 regulations removed per new rule, a million private-sector jobs added and 300,000 fewer federal jobs. Flagged for the scoreboard editor; no entry is published from this page.

Sources: U.S. Department of the Treasury, “Secretary Bessent on Fox News’ Sunday Morning Futures” (official upload, embedded above). Interview as broadcast September 27, 2026; transcript reviewed in the site’s private research store. Figures as stated by Secretary Bessent.