Testifying before the Senate Finance Committee on Wednesday, Treasury Secretary Scott Bessent leaned hard into a boom narrative, telling lawmakers the country is “having a manufacturing renaissance.”
He pointed to roughly 90,000 new non‑residential construction jobs tied to factories, a 50% expansion of Boeing’s plant in Charleston, S.C., that he said will translate into 1,000 high‑paying manufacturing jobs, new John Deere facilities in Indiana and North Carolina, and pharmaceutical companies reshoring production.
