‘I’m Gonna Punch You in Your F*cking Face’

Treasury Secretary Scott Bessent and Federal Housing Finance Agency (FHFA) Director Bill Pulte were involved in a heated altercation last week that included threats of physical violence, according to two sources familiar with the incident, as reported by The New York Post.

The confrontation occurred at the Executive Branch social club in Washington, D.C.’s Georgetown neighborhood. Bessent, 63, allegedly accused Pulte, 37, of speaking negatively about him to President Donald Trump.

“Why the f*ck are you talking to the president about me? F*ck you,” Bessent reportedly told Pulte.

He then escalated the dispute by threatening, “I’m gonna punch you in your f*cking face.” Pulte’s response to the outburst was not immediately clear.

BESSENT THREATENS TO BEAT UP PULTE, the Director of the Federal Housing Finance Agency

POLITICO: “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.”

“Or,” he added, “we could go outside.”
“To do… pic.twitter.com/gaJOuAutgI

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The Executive Branch club, co-founded by banker Omeed Malik and Donald Trump Jr., had recently launched with founding contributions of $500,000. The club began charging new members a $150,000 initiation fee and annual dues of $15,000 earlier this month.

This was not the first reported physical confrontation involving Bessent. In April, he clashed with billionaire Elon Musk, who at the time headed the Department of Government Efficiency (DOGE).

The dispute centered on dueling candidates to lead the Internal Revenue Service (IRS). Musk had backed IRS whistleblower Gary Shapley, while Bessent pushed for his deputy, Michael Faulkender.

During that incident, witnesses said Bessent called Musk a “fraud” before the two exchanged heated words and Musk allegedly body-checked the Treasury secretary “like a rugby player,” according to former Trump adviser Steve Bannon.

Bessent later denied using the term “fraud” but did not directly address whether physical contact occurred.

Ultimately, Shapley was installed as acting head of the IRS but was replaced just five months later when Bessent moved to appoint Faulkender.

The dispute with Pulte comes as the two officials continue to work on overlapping responsibilities, particularly the Trump administration’s push to privatize federal mortgage giants Fannie Mae and Freddie Mac.

They have also expressed differing opinions on Federal Reserve policy and staffing.

Bessent has reportedly counseled President Trump against firing Federal Reserve Chairman Jerome Powell, while Pulte has called for a sweeping overhaul of the Fed, including pushing for the removal of Board of Governors member Lisa Cook.

Last week, the Department of Justice opened a criminal probe into Cook after allegations surfaced that she claimed two separate properties in Michigan and Atlanta as her principal residence. Pulte had publicly raised the allegations after posting loan documents on X.

Bessent, meanwhile, has pressed the Federal Reserve to “change course” on its monetary policy and is reportedly interviewing candidates to succeed Powell when his term expires in May.

The Treasury Department and the White House declined to comment on the reported confrontation.

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