Secretary Bessent goes toe-to-toe with Margaret Brennan

Bessent revealed that Treasury is now tracking money that was moved out of the U.S. to the Middle East and Somalia — by individuals tied to the scheme.

And he ended his appearance with a line Brennan clearly didn’t expect.

BESSENT: “To be clear, the initial fraud was discovered by the IRS, for which I’m the acting commissioner, it was discovered by IRS criminal investigations unit.”

“This was not endogenous that the state of Minnesota decided. We had to go in and clean up the mess for them. This is part of the continued cleanup.”

“A lot of money has been transferred from the individuals who committed this fraud, including those who donated to the governor, donated to representative Omar and to AG Ellison.”

“They have been transferred to something called MBSs.”

“They are wire transfer organizations that are outside the regulated banking system. That money has gone overseas. We are tracking that, both to the Middle East and Somalia to see what the uses of that have been.”

BRENNAN: “You have no evidence of that money being used to fuel terrorism at this point? Which is what some conservative writers are alleging.”

BESSENT: “That’s why it’s an investigation. We started it last week. We will see where it goes.”

“I can tell you, it’s terrible. Representative Omar tried to downplay it. Said it was very…it was very tough to know how this money should be used. She was gaslighting the American people.”

“When you come to this country, you have to learn which side of the road to drive on, stop at stop signs and learn not to defraud the American people.”

She is literally reduced to babbling, "But all that FEDERAL MONEY the Somali fraudsters stole and sent out of the country back to Somalia, you don't have any EVIDENCE they used any of that stolen money to fund terrorism!" I am enjoying this spectacle.

— Brian Cates - Political Columnist & Pundit (@drawandstrike)November 1, 2026