‘I’m Gonna Punch You in Your F–king Face’: Scott Bessent Threatens an Administration Rival
The Treasury secretary's quiet tensions with housing finance chief Bill Pulte exploded at a private dinner last week. By Rachael Bade 09/08/2025 (I find this very hard to believe, plus it’s Politico)
A private dinner attended by dozens of administration officials and close advisers to President Donald Trump was temporarily marred by a dramatic clash between two of Trump’s top economic officials, with Treasury Secretary Scott Bessent at one point threatening to punch top housing finance official Bill Pulte “in the fucking face.”
The Wednesday evening event was supposed to be one of celebration: It was both the much-anticipated inaugural dinner at Executive Branch, the ultra-exclusive Georgetown club created by and for Trump world’s uberrich, and a birthday party for MAGA-friendly podcaster Chamath Palihapitiya.
A long table for the 30-some guests was set with top-of-the-line crystal and china. The guest list included Transportation Secretary Sean Duffy, Commerce Secretary Howard Lutnick, Interior Secretary Doug Burgum, Agriculture Secretary Brooke Rollins, Director of National Intelligence Tulsi Gabbard, SBA Administrator Kelly Loeffler, Medicare and Medicaid chief Mehmet Oz, plus venture capitalist David Sacks, Palihapitiya’s partner on the “All In” podcast.
But amid the cocktail-hour din, Bessent lashed out at Pulte in an expletive-laden diatribe.The Treasury secretary had heard from several people that the Federal Housing Finance Agency director had been badmouthing him to Trump, a person close to him said. He wasn’t about to engage in chit-chat as if nothing was amiss.
“Why the fuck are you talking to the president about me? Fuck you,”Bessent told Pulte. “I’m gonna punch you in your fucking face.”
The scene was described to me by one eyewitness and four other people familiar with what happened.The only fact they disagreed on was whether it was Bessent or Pulte who initiated the conversation. They and others who described the conflict were granted anonymity due to the sensitivity of the situation.
Pulte appeared stunned, and the tense encounter prompted club co-owner and financier Omeed Malik to intervene, according to the three people. But Bessent wasn’t having it — he sought to get him kicked out, the eyewitness said.
“It’s either me or him,” Bessent said to Malik. “You tell me who’s getting the fuck out of here.”
“Or,” he added, “we could go outside.”
“To do what?” asked Pulte. “To talk?”
“No,” Bessent replied. “I’m going to fucking beat your ass.”
Seeking to deescalate the situation, Malik separated the men, walking Bessent to another part of the club to calm down. During the seated dinner, Bessent and Pulte were placed on opposite ends of the table, and the party went off without further episode.
Bessent, Pulte, Malik and the White House declined to comment.
The confrontation — which one Trump insider called “bonkers” and another called “unhinged” — underscores the surprising tensions between top Trump officials tasked with working on the nation’s most sensitive economic matters.
Trump announced in May that Bessent, Lutnick and Pulte would collaborate on a plan to privatize Fannie Mae and Freddie Mac, the federal housing finance organs Pulte oversees. In recent weeks, Pulte has taken the lead on an initiative that could put as much as 15 percent of Fannie and Freddie on the public markets.
https://www.politico.com/news/magazine/2025/09/08/scott-bessent-bill-pulte-blowup-00549956?nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&nname=playbook&nrid=0000014f-0833-dc50-a77f-2ff7e3a10000