‘this Week’ Transcript 10-26-25: Treasury Secretary Scott Bessent, Sen. Mark Kelly, Lt. Gen Doug Lute (ret.) and Kathryn Bigelow

Key Highlights

  • Treasury Secretary Scott Bessent discusses successful trade framework with Chinese vice premier.
  • Sen. Mark Kelly criticizes the government shutdown affecting federal workers and healthcare costs.
  • Kelly accuses President Trump’s administration of prioritizing spending on a ballroom over addressing the crisis.
  • Discussion on Venezuela, Pentagon’s carrier strike group deployment, and concerns about legal actions against suspected drug boats.

Trade Talks with China: A Positive Outcome?

During his appearance on “This Week,” Treasury Secretary Scott Bessent outlined the progress made in trade talks with China. He emphasized that the fifth meeting between him and Chinese Vice Premier He Lifeng was fruitful, paving the way for a successful summit between President Trump and Chinese leader Xi Jinping at the APEC summit in Korea on Thursday.

“We’ve reached a substantial framework,” Bessent stated, highlighting the avoidance of 100% tariffs as leverage from the U.S. side and the agreement to hold regular quarterly meetings with China. He also mentioned commitments from China regarding agriculture purchases for American farmers and assistance with precursor chemicals linked to the fentanyl epidemic.

Government Shutdown: A Divisive Issue

Senator Mark Kelly of Arizona criticized the ongoing government shutdown, which has led to federal workers missing their first full paycheck and others turning to food banks. He underscored the impact on healthcare costs, citing an example of a public safety worker who would see his monthly premiums increase by $900.

“We don’t want a shutdown,” Kelly declared, emphasizing that Democrats are willing to negotiate but need Republican buy-in. “The president has spent just one hour negotiating with Democrats on this issue and has taken off for another trip overseas.” He further highlighted the disconnect between the administration’s priorities, mentioning the $1.5 trillion in spending they call for as opposed to the $4 trillion increase due to tax cuts.

Security Concerns: Pentagon Deployment and Legal Actions

The conversation turned towards security concerns when Senator Kelly discussed the Pentagon’s decision to send a carrier strike group to Venezuela. He questioned its legality, citing the lack of clarity from the White House and Department of Defense regarding the authorization process.

Kelly expressed skepticism about the deployment, noting that it could potentially escalate into an unnecessary conflict: “Starting a war against Venezuela over what is a law enforcement action does not make any sense.” He proposed focusing instead on interdicting drugs in the Caribbean through the Coast Guard and maintaining a focus on stopping fentanyl trafficking.

Conclusion

The discussion on trade, government operations, and national security issues highlighted the complex political landscape facing President Trump. While some progress was made with China, significant challenges remain regarding domestic spending priorities, healthcare costs, and international relations. Senator Kelly’s comments underscored the deep divisions within Congress and the administration over how to address these pressing concerns.