Texas overtakes California as 'America’s center of gravity,' claims Treasury Sec Bessent

FIRST ON FOX — Treasury Secretary Scott Bessent highlighted the stark difference he sees emerging between Texas and California as well as the "tale of two states" cropping up between red and blue jurisdictions.

"In California, I saw firsthand what years of failed governance looks like: a tax system that is hostile to ambition. A regulatory state that smothers enterprise. An economic climate indifferent to consequence," he said during a meeting at the Petroleum Club of Houston on Friday in...