Watch CNBC's full interview with Treasury Secretary Scott Bessent

Government Shutdown & Fiscal Policy - The speaker suggests the government shutdown is due to Senator Schumer's declining poll numbers and negotiation tactics influenced by Representative Ocasio-Cortez [5][6] - The administration aims for a clean Continuing Resolution (CR) and criticizes Democrats for demanding a 15 trillion increase in spending, which they believe could lead to inflation [9][10][11] - The speaker highlights the administration's focus on cutting prescription drug prices and claims the largest spending cuts in history have already occurred [16][17] - The speaker mentions the potential for a hit to GDP growth due to the government shutdown [18] Trade & Agriculture - China is using American soybean farmers as leverage in trade negotiations [21][22] - The administration plans to provide substantial support for farmers, especially soybean farmers, and is working with the Farm Credit Bureau [23][26] - The speaker notes a record harvest, potentially leading to storage issues and affecting prices [25] - The speaker anticipates a breakthrough in trade talks with China, potentially involving egg purchases, and criticizes the Biden administration for not enforcing previous agricultural purchase agreements [37] Federal Reserve & International Relations - The Treasury Secretary is interviewing candidates for the next Federal Reserve chairman [27][28] - The US is providing Argentina with a swap line, not direct financial aid, to support a free-market economy and maintain strategic interests in the Western Hemisphere [33][30] - A meeting between President Trump and the Chinese leader is expected in Korea, aiming to set the framework for future trade relations [36]