Treasury Secretary Defends Escalating Iran Conflict

Bessent says 'sometimes you have to escalate to de-escalate' as U.S. seeks more funding for war

Mar. 22, 2026 at 4:35pm

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In a new interview, Treasury Secretary Scott Bessent defended the Trump administration's escalating threats against Iran, saying "sometimes you have to escalate to de-escalate." Bessent also ruled out pushing for tax increases to fund the ongoing war, stating the U.S. government has "plenty of money" to cover the costs.

Why it matters

The U.S. military's request for $200 billion in additional funding for the Iran war faces opposition in Congress, with lawmakers questioning the need after large defense appropriations last year. Bessent's comments highlight the administration's willingness to ratchet up tensions with Iran despite concerns over the war's mounting costs.

The details

In the interview, Bessent defended the administration's moves to lift sanctions on Iranian and Russian oil, arguing it would allow other countries to purchase the oil and prevent oil prices from spiking. He said a Treasury analysis showed Russia could get a maximum of $2 billion in extra oil revenue. Bessent also dismissed the possibility of tax increases to fund the war, calling the idea "ridiculous."

  • On March 22, 2026, Treasury Secretary Scott Bessent was interviewed on "Meet the Press".
  • Last week, Secretary of Defense Pete Hegseth said the extra $200 billion in military funding was needed "to ensure that we're properly funded for what's been done, for what we may have to do in the future."

The players

Scott Bessent

The Treasury Secretary under President Donald Trump, defending the administration's escalating threats against Iran and the need for additional military funding.

Kristen Welker

The host of "Meet the Press" who interviewed Bessent.

Pete Hegseth

The Secretary of Defense, who said the extra $200 billion in military funding was needed to ensure proper funding for the Iran conflict.

Donald Trump

The President of the United States, who has ratcheted up threats against Iran and is seeking additional military funding.

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What they’re saying

“Sometimes you have to escalate to de-escalate, Kristen.”

— Scott Bessent, Treasury Secretary

“We have plenty of money to fund this war. This is supplemental. President Trump has built up the military, as he did in his first term, as he is now doing in his second term, and he wants to make sure that the military is well supplied going forward.”

— Scott Bessent, Treasury Secretary

“to ensure that we're properly funded for what's been done, for what we may have to do in the future.”

— Pete Hegseth, Secretary of Defense

What’s next

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The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.