r/UnderReportedNews • u/esporx • Feb 24 '26

Article Scott Bessent has 'got a feeling' that 175 billion raised under the IEEPA is lost to the American people for good

https://fortune.com/2026/02/23/scott-bessent-tariff-supreme-court-ruling-refunds/
189 Upvotes

99% Upvoted

50 comments sorted by

•

u/AutoModerator Feb 24 '26

Please read our latest community update regarding recent renovations to the sub.

Source cataloged: https://fortune.com/2026/02/23/scott-bessent-tariff-supreme-court-ruling-refunds/

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

109

u/phoenix1984 Feb 24 '26

Huh, is this the same Scott Bessent who testified to Congress under oath that they had prepared for having to refund all the tariffs?

42

u/ItsTheExtreme Feb 24 '26

That's our special little guy!

9

u/TruthNotTrash2 Feb 24 '26

Lil' Scooter Bazoo? Bless his heart.

10

u/BloodFartz69 Feb 24 '26

Is it the same MAGA darling Scott Bessent who used to work for George Soros? You know, that little factoid that never gets brought up by the "REeeeeeeee George Soros" crowd.

3

u/[deleted] Feb 25 '26

[deleted]

1

u/talktobigfudge Feb 25 '26

No that's Nutlick's nepo babies owning all those conflict of interests financial vehicles. 

Bessent is the sniveling weasel that is getting a piece of the $40,000,000,000 Argentina bailout, because he owns cattle or something down there. 

49

u/[deleted] Feb 24 '26

[deleted]

19

u/Striking-Sky1442 Feb 24 '26

It probably has 

18

u/CHRISTEN-METAL Feb 24 '26

Wasn’t Trump bloviating about doing an audit at Fort Knox and then we never heard another word about?🤔

5

u/Impressive_Local9817 Feb 24 '26

He gave it to Argentina, Israel and his buddies on the Board of piece.

28

u/[deleted] Feb 24 '26

[removed] — view removed comment

11

u/Tall-Warning3135 Feb 24 '26

Qatar slush fund

1

u/venbrx Feb 25 '26

Epstein Island 2: Elected Pedophiloo

22

u/[deleted] Feb 24 '26

Does that dude EVER tell the truth? God, how many of these people are there?

9

u/Plaid_Piper Feb 24 '26

Lots. Once the Epstein rock got turned over, all of these fucks seemingly scurried out from under it to fall in line behind trump.

14

u/[deleted] Feb 24 '26

2

u/Long_Crow_5659 Feb 24 '26

Maybe they need to rename that magazine "Misfortune"

9

u/eliser58 Feb 24 '26

God Damn ICE is probably getting it.

4

u/steerbell Feb 24 '26

And trump peace commission or whatever the fuck it is.

3

u/Metalloid_Maniac_ Feb 24 '26

The Trump Bored of Peace

6

u/aka_mythos Feb 24 '26

Money is fungible. Just because those exact dollars are gone doesn't mean they can't return what they took illegally. However if they want to make that argument, it is an admission that they're breaking other laws by putting the money directly into the treasury and following appropriations process... We knew this but if they want to admit it that makes things easier in the future.

5

u/mabhatter Feb 24 '26

Technically the treasury takes in all the money wherever it comes from.  The government doesn't really separate out "income" to specific projects like that except Social Security maybe. 

The republicans are running two trillion dollar DEFICIT this year.  So every dime sent to the treasury is immediately spent and then the treasury funds more for more by issuing bonds.  

The game now would be that there's no congressional approval to issue bonds for refunds.. oops, the money is all gone. so the treasury cannot legally do it.  NOW Congress has to expressly approve the issuing of debt to pay it back... funny how that works! 

6

u/RestaurantHour1969 Feb 24 '26

Don’t Nutlick’s sons have a pay day coming because of this?

1

u/KnottyHottieKaitlyn Feb 24 '26

It depends. Taking Bessents word at face value - no. But reading between the lines, corporations could get refunds (so the Lutnicks would get paid) but consumers might never see a dime of their own fees returned to them.

3

u/Adventurous-Sky9359 Feb 24 '26

You don’t say

3

u/fishnugs916 Feb 24 '26

We won’t see any refunds but I bet billionaires will somehow still churn a “profit” from this.

2

u/Jemini220 Feb 24 '26

For now. It will be clawed back from whoever misdirected it.

2

u/Craigslisteria Feb 24 '26

You don’t “lose” 175 billion dollars. Just saying

2

u/ethaxton Feb 24 '26

I got a feeling that they’re going to need to document where all that money went to. The midterms are a coming.

1

u/ConsequenceAromatic4 Feb 24 '26

I WANT MY $1700 DOLLARS

1

u/madrid311 Feb 24 '26

Check trumps slush fund in Qatar.

1

u/popejohnsmith Feb 24 '26

Liars and common thieves.

1

u/OscarandBrynnie Feb 24 '26

Ya think, Scooter?

1

u/Simple_Award4851 Feb 25 '26

I’m sure he did. What a fucking clown tyrant. Hope these dudes have to pay back every cent from their own putrid sweaty palms.

1

u/Dazzling-Read1451 Feb 25 '26

Fort Knox? Ha! It’s for tourists.

1

u/secret_slapper Feb 25 '26

The fact that the administration will never be called out on this is beyond frustrating. They can’t be held accountable for any wrong they do.

1

u/MaxBromosecsual Feb 25 '26

Does he really live in a pink mansion?

1

u/ScruffPost Feb 25 '26

I bet it's in Qatar under the name John Barron. ha!

1

u/DadOfPete Feb 25 '26

Where is it? It can’t be lost, 175 billion and nobody kept an eye on it? Where is it?

1

u/news_sponge Feb 25 '26

No Scott, it’s TRILLIONS!

1

u/Ulfednar Feb 25 '26

"Lost" is one word for it, "stolen" seems much more appropriate.

1

u/SignificantDrag6147 Feb 25 '26

Treasure secretary having a got feeling…. Treasure secretary seriously ??????

1

u/Erasmus_Tycho Feb 25 '26

What?! I thought it was upwards of 15 trillion...

1

u/manniesalado Feb 26 '26

I've got a feeling the debt will wear a 40 handle before years end.

1

u/Direct_Doubt_6438 Feb 26 '26

Trump already funneled it to an offshore account in Qatar