Bessent: ‘No one should expect’ tariff revenue to decline
By: Ebrima Santos Sanneh | Published: 2026-02-20 21:11:27 | Source: www.nationalmortgagenews.com
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- Key insight: Treasury Secretary Scott Bessent said the Supreme Court limited the administration’s tariff authority under the International Emergency Economic Powers Act, but that other laws could give the administration the same powers.
- Supporting data: The Penn-Wharton Budget Model has estimated that the court’s rejection of the IEEPA tariffs could result in as much as $175 billion in refunds…
