17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down.

@SenateDems could learn something from that.

Honored to participate in @APEC 2025 on behalf of @POTUS @realDonaldTrump. My thanks to President @Jaemyung_Lee for hosting us in Gyeongju.

The United States is ready to work with APEC partners to promote resilience, prosperity, and stability across the Pacific and beyond.

Since Inauguration Day, market pundits and so-called “experts” have continually attempted to undermine the Administration through negative rhetoric and fearmongering, pushing narratives like “Sell America.” And since that day, they have been dead wrong.

Thanks to the One Big Beautiful Bill, tariff revenue, and lower inflation, the S&P 500 sits near all-time highs. And just as importantly, the U.S. Treasury market’s total returns year to date are 6% (its best year since 2020 and the best of all developed bond markets this year). In fact, U.S. borrowing costs across the curve (from 2-year notes all the way to 30-year bonds) are down year to date.

Other developed bond markets cannot say the same. The U.S. 10-year term premium is basically unchanged while term premiums in other bond markets are rising. Lower Treasury borrowing costs mean lower corporate borrowing costs, lower mortgage rates, and lower car payments for Americans. The U.S. Treasury market is the world’s deepest and most liquid market, and it shows.

A short time ago, I arrived back at @USTreasury after watching arguments before the U.S. Supreme Court on the International Emergency Economic Powers Act (IEEPA).

U.S. Solicitor General D. John Sauer presented strong, persuasive arguments on the necessity of using IEEPA tariff authority to confront the emergencies President Trump has declared.

More importantly, the plaintiffs’ attorneys, Neal Katyal and Benjamin Gutman, espoused arguments that reflected foundational misunderstandings and misrepresentations about the Trump Administration’s trade goals.

Using IEEPA, President Trump has sought to rebalance decades of unfair trade against the United States that has brought us to a tipping point. The goal of his agenda is bringing back manufacturing and balancing the crisis-level deficits and trade barriers with our global trading partners.

The tariff income is incidental to these urgent goals – not the underlying reason for their application. In fact, as I have said many times, as the terms of trade are made more fair, U.S. manufactured items will replace imported goods. Tariff revenues will shrink, and U.S. domestic tax receipts will surge.

Showing their dramatic lack of economic understanding, Messrs. Katyal and Gutman argued that a President does have the authority to impose an embargo or quotas on other countries because those actions do not affect government revenues. Of course, they do. What embarrassing statements to make in front of SCOTUS.

Furthermore, in a statement bordering on the absurd, Oregon Solicitor General Gutman said that he believes IEEPA gives POTUS authority to impose a full embargo on a country but not a 1% tariff.

President Trump has used the IEEPA authority to address the fentanyl crisis, bring us back from the edge on trade policy, secure rare earths from China, and curtail the purchases of Russian oil – all urgent national security issues.

Economic Security is National Security, and IEEPA provides a powerful tool for President Trump to protect our people, our economy, and our nation.

President Trump has used the IEEPA authority to address the fentanyl crisis, bring us back from the edge on trade policy, secure rare earths from China, and curtail the purchases of Russian oil — all urgent national security issues.

On his first day in office, President Trump issued an Executive Order to establish the US as a global leader in rare earths. Now, a South Carolina-based company has developed the first magnet made in America in 25 years.

We are loosening the chokehold China has on this critical sector. South Carolina led the way, and the US is taking back control of its supply chains.

America’s economy continues to defy expectations. 119,000 new jobs in September — the strongest gain since April.

The American worker is resilient, and our America First policies are driving a comeback built on strength, jobs, and opportunity.

Today, Treasury and the IRS released new guidance to help American workers claim deductions for tips and overtime pay under the One Big Beautiful Bill.

Thanks to President Trump, this historic law ensures millions of hardworking Americans will keep more of what they earn.

With the American people just now emerging from the longest and most devastating government shutdown in U.S. history, we cannot ignore the weapon Senate Democrats used to take the country hostage.

If the radical left once again chooses to shut down the government in January, Republicans should move to immediately end the legislative filibuster.

Democrats could not stop President Trump in the courts or the media, so they shut down the government instead, harming the American people and costing the economy $11 billion and 1.5% of GDP.

If they do it again, Republicans must end the filibuster.

President Trump committed to bringing manufacturing jobs back to the U.S., and investments like the rare earth facility in my home state of South Carolina are just the start.

With this administration’s pro-growth agenda, U.S. manufacturing will continue to accelerate through 2026 and 2027.

The President has delivered peace, tax, and trade deals.

He signed the One Big, Beautiful Bill into law that rewards hardworking Americans with No Tax on Tips, Overtime, or Social Security.

Expect more jobs, higher real incomes, and strong, non-inflationary growth in 2026, along with larger refunds in the first quarter.

Under the Biden administration, American families suffered from the “Four I’s”: Immigration, Interest rates, Inflation, and Insanity.

Now, thanks to President Trump’s leadership, the border is secure, the bond market is rebounding, and strength in the White House has been restored.

Our Administration continues to focus on tackling inflation and making America affordable again.

President Trump promised to return the power of education to the states and support school choice. Through the historic passage of the One, Big, Beautiful Bill, we’re seeing the fruits of that labor.

Beginning in 2027, taxpayers can claim a $1,700 federal tax credit for contributions to qualifying Scholarship Granting Organizations, marking the first time a federal tax credit directly supports private donations for K-12 education. Treasury is working with states now to ensure readiness for implementation.

Education is the first step to financial freedom, and the Trump Administration is committed to providing pathways to support students nationwide.

In light of her sanctimonious letter to @jctgov, perhaps @SenWarren needs a reminder that President Trump’s working families tax cut – which the Senator opposed – also included billions in retroactive tax breaks designed to help hardworking Americans, including No Tax on Tips, No Tax on Overtime, tax deductions for seniors, an increased child tax credit, and lower rates across the board for all income brackets.

The American people should not forget that the Senator voted for the largest tax hike on working families in American history, as well as for hundreds of billions of dollars in Green New Deal energy tax credits specifically targeted at providing resources to large corporations and big banks.

And now, Senator Warren is penalizing American manufacturers, small business owners, and agricultural producers for job-creating investments into our nation’s economy.

Under her stewardship, it is no wonder the Massachusetts Miracle has become the Massachusetts Malaise. Hardworking citizens are fleeing the Commonwealth in droves.

Alongside her fellow radical leftist comrades-in-arms, the Senator’s continued promotion of economic suffering demonstrated through both this letter and her larger voting record reflects her personal beliefs and the Democrats' broader anti-prosperity socialist agenda.

Thanks to the hard work and determination of @POTUS, this Administration remains laser focused on pro-growth, pro-prosperity policymaking that puts everyday Americans first.

Under @POTUS, barbaric terrorist cartels can no longer operate with impunity across our borders. The Tren de Aragua network’s narcotrafficking and human smuggling operations have long posed a grave threat to our nation.

At the direction of @realDonaldTrump, we will continue to use every tool to cut off these terrorists from the U.S. and global financial system and keep American citizens safe.

2026 is shaping up to be a great year. President Trump’s peace deals, trade deals, and tax cuts are laying the foundation.

With deregulation freeing up the economy, U.S. companies will thrive, and manufacturing will make a comeback.

Get ready for growth.

Very proud to attend the swearing in of @DFCgov @DFC_CEO Ben Black and @EximBankUS Chairman @JJovanovicUSA by @VP @JDVance.

@POTUS @realDonaldTrump’s selection of these two dynamic leaders demonstrates well the incredible depth of young talent within the Trump Administration. DFC and ExIm are in smart, capable hands.

Thanks to President Trump, the health of the U.S. government's finances is improving.

The current calendar year-to-date deficit is $1.52 trillion, which compares to a deficit of $1.93 trillion for the comparable period last year under Biden, a 21% drop.

Not only is the deficit smaller under President Trump - the economy is also bigger. The full 2025 calendar year budget deficit to GDP may total only 5.5%, substantially lower than the unsustainably high 6.8% in calendar year 2024 under Biden.

Under @POTUS' leadership, we will grow our way out of debt and into prosperity.

My thanks to @EUAmbUS Ambassador Neliupšienė for hosting discussions this morning with the 27 EU Ambassadors to the United States.

President Trump is the President of Peace, and I reiterated that under his leadership, America will continue to prioritize ending the war in Ukraine.

During our talks, I emphasized that concrete progress on the EU’s growth and competitiveness goals is of keen interest to the United States, as is this week’s finalization of the side-by-side agreement for the Pillar 2 global minimum tax.

The path forward on Pillar 2 is clear, and I would urge all remaining holdouts to join the consensus on the path forward for this critical issue.

Congratulations to President-Elect @joseantoniokast of the Republic of Chile on his well-deserved electoral victory.

Much like Argentina under President @jmilei, Chile has resoundingly rejected the failures of Communism, choosing instead a brighter future of peace, order, growth, and hope.

Under the guidance of @POTUS, we look forward to the revitalization of the relationship between our nations.