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Treasury Secretary Scott Bessent joined Maria Bartiromo on Mornings with Maria this week.
Bessent broke the news that President Trump’s pro-growth policies are driving a major CapEx comeback.
According to Investopedia, CapEx, or capital expenditures, refers to the money a company uses to acquire, upgrade, or maintain physical assets. CapEx investments are essential for a business’s growth.
Thanks to President Trump, business investment is surging in the United States at the fastest pace since 1997!
Scott Bessent cheered the news on Mornings with Maria:
Treasury Secretary Bessent: Maria, this is a combination. It’s the tariff’s bringing back manufacturing to the US. It’s the full expensing in the One Big, Beautiful Bill, which I think is one of the most important things that we did.
Companies can do 100% expensing for equipment, 100% expensing for factories. If you bring your factory back here. I think we had big pent-up demand.
We are in the middle of this incredible AI boom that I don’t know whether you want to say this is the third, fourth, fifth industrial revolution. We’re seeing the hyperscaler spend like we never have before.
I think what’s really gone unheralded here is the Trump administration’s emphasis on deregulation. We are making it possible to build things in America again. For years, if you wanted to build a factory, a pipeline, a transmission grid, you were held up by permitting. President Trump has given, whether it’s EPA, the Energy Interior, a mandate that these permits should get out within a month. So America is building things again.
I tell you, this is the way that countries get rich and stay rich is through long-term investment and productivity.
Here is Scott with Maria earlier this week.
.@POTUS is driving a major CapEx Comeback.
Tariffs are bringing manufacturing back to the U.S., and the full expensing in the One Big Beautiful Bill is paving the way for sustained growth.
Add in the AI boom, as well as President Trump’s emphasis on deregulation, and we’re… pic.twitter.com/Gpt8OFfmNt
— Treasury Secretary Scott Bessent (@SecScottBessent) July 22, 2025
It is remarkable what President Trump, Secretary Bessent, and his team have accomplished in just six months in office!
According to Secretary Bessent, business equipment production jumped 11% in the second quarter after a huge 23% gain in quarter one. This is the strongest back-to-back growth since 1997!
Business equipment production is up nearly 17% annualized through the first half of the year—the fastest pace since 1997. This CapEx Comeback was jumpstarted by the OBBB, which made investment spending retroactive to Inauguration Day.
Higher capital investment drives… https://t.co/j94co4fp5F
— Deputy Secretary Michael Faulkender (@TreasuryDepSec) July 22, 2025
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