U.S. Treasury Secretary Scott Bessent takes questions from reporters on the Institute of Worldwide Finance (IIF) International Outlook Discussion board on sidelines of the IMF and World Financial institution’s 2025 annual Spring Conferences in Washington, D.C., U.S., April 23, 2025.
Elizabeth Frantz | Reuters
A gaggle of Treasury Secretary Scott Bessent’s classmates at Yale College urged him in a brand new letter to rethink his position “in facilitating the Trump administration’s intended transformation” of the United States “into an authoritarian state.”
“Scott, please take a moment to step back, look down the road a piece, and think hard about whether you want to be responsible for enabling the descent of America into fascism,” says the letter, which is dated Wednesday.
“Be brave. Stand up for what you know to be right and be a voice of reason in the midst of this insanity,” the letter says.
It argues that “so many” of the actions of President Donald Trump and his second administration are unconstitutional and undermine the ideas of democracy.
As of Friday, 140 members of the Yale Class of 1984 have signed the web letter to Bessent, a member of that class. He’s additionally a former adjunct professor on the college, the place he taught financial historical past.
The signatories embody legal professionals, CEOs, journalists, playwrights, a pastor, school professors, a farmer, and social staff.
The letter to Bessent says that he, as a Political Science main at Yale, is aware of “that the three branches of the U.S. government are meant to act as equal partners, providing checks and balances on each other to prevent the kind of power grab the executive branch is currently perpetrating.”
The missive then ticks off a listing of examples of what it says are the Trump administration’s efforts “to usurp the power vested in the judicial and legislative branches … for their own personal aggrandizement, wealth, and power.”
The examples cited embody giving billionaire Elon Musk and his “DOGE cohorts” intensive entry to the personal information of tens of millions of People; “punitive attacks on independent news media, universities, citizens, judges and other governmental employees merely because they disagree with the administration;” and “illegal seizure and incarceration of people in violation of our immigration laws and the due process required by our Constitution.”
Bessent, in a press release to CNBC, mentioned:
“It is equal parts odd and sad that a group of people, most of whom I have never met, feel they have standing in my life choices due to a tenuous overlap from 40 years ago.”
“How very brave of these people to wage their campaign from behind a keyboard rather than to engage in the real-life political process. They should look inward, exercise some agency, and come out from behind their desks—like I did—to get involved in the 2028 electoral cycle.”
“These are the same close-minded progressives who have sought to undermine President Trump at every turn. But to paraphrase President Teddy Roosevelt, ‘It is not the critic who counts… the credit belongs to the man in the arena.’”
“President Trump is the man in the arena. And the American people elected him—not these critics. Being part of the Trump Administration and serving the American people is the honor of my lifetime.”
Catherine Teegarden, a 1984 Class alumna, informed CNBC that she despatched an identical letter, additionally signed by fellow class members, by way of U.S. Mail to Bessent on the Treasury Division in March, however acquired no reply.
The brand new letter, which added some particulars of actions by the administration since March, was posted on the category’ Fb web page, the place individuals might signal it.
“My initiative for banding together was just to amplify our voices,” mentioned Teegarden, a New York resident who retired in 2023 after 30 years working an architectural schooling program.
“I know there were other people like myself who felt somewhat hopeless about what was going on in our government,” she mentioned.
Bass Tower (heart), Benjamin Franklin School (proper), Pauli Murray School (left), Yale College, New Haven, Connecticut, USA.
Plexi Photographs | Ucg | Common Photographs Group | Getty Photographs
The letter echoes one despatched in August 2017 to then-Trump Treasury Secretary Steven Mnuchin from greater than 350 of his fellow members of Yale’s Class of 1985.
That letter referred to as on Mnuchin to resign, arguing he had a “moral obligation” to take action after Trump blamed violence at a white nationalist rally in Charlottesville, Virginia, on not solely the organizers however on counterprotesters as properly. Mnuchin rejected that demand.
The brand new letter to Bessent additionally cites “blatant conflicts of curiosity such because the Trumps’ meme cash and Trump Media and Know-how Group‘s investment accounts which are poised to move in sync with the administration’s whimsical tariff decisions.”
College students stroll on the campus of Yale College in New Haven, Connecticut.
Shannon Stapleton | Reuters
“While the global economic chaos this administration has caused may have set off the loudest alarm bells, the unlawful manner in which they are conducting official business at home should be equally alarming to you as Treasury Secretary,” the letter says.
“Your sworn oath to uphold the Constitution as you manage the nation’s finances demands that you do everything in your power to stop this administration’s unprecedented attacks on our democracy.”
David Kallick, one of many individuals who signed the letter, in an interview, mentioned he did so as a result of “I’m really concerned about due process and” different protections “in our Constitution that are being set aside by the president’s actions.”
“There are people within the administration and without who should know better,” mentioned Kallick, who’s director of the Immigration Analysis Initiative, a assume tank.
Kallick, who mentioned he didn’t know Bessent at Yale, mentioned that the chance from Trump’s actions up to now is “very real.”
“I think we’re seeing some actions that are starkly authoritarian, or, I should say, starkly autocratic, and I don’t know how far that could go,” he mentioned. “If people like us and him [Bessent] don’t stand up and say ‘Enough is enough,’ there is a real danger … of further sliding into an autocratic government.”
Teegarden, the alumna who organized the letter, mentioned quite a few individuals declined to signal it “because they were worried about how that would affect their life.”
“A lot of people are scared to put their name out there, because of retribution,” mentioned Teegarden, who additionally mentioned she didn’t know Bessent at Yale.
Teegarden mentioned different individuals requested her why the letter doesn’t name on Bessent to resign.
“To me, that doesn’t really solve the problem,” she mentioned. “We need someone there who is rational, who will speak up, to be that voice of reason.”
She mentioned she hopes the letter will make Bessent contemplate his position within the Trump administration and push again in opposition to what she mentioned are violations of constitutional and institutional norms.
“Why is he selling out? This was kind of my thinking about this,” Teegarden mentioned, including that she hopes “we plant a little nugget of concern” in Bessent’s thoughts.
“It’s really about the illegality of it all,” she mentioned. “And he should know better.”
Hank Copeland, one other Yale grad who signed the letter, mentioned, “I don’t know Scott personally, but I’m willing to bet he doesn’t want to live in an autocracy.”
“He knows autocracy stifles human rights and shuts down the give and take that improve lives and make life interesting and make an economy dynamic,” mentioned Copeland, an Indianapolis resident who runs a small tech firm. “Eventually, rigid, top-down societies ossify and fail.”
Requested what he needed the letter to attain, Copeland mentioned, “On the one hand, we’re whistling in a hurricane, and some classmates cite futility as their reason for not signing.”
“On the other hand, plenty of important acts in life are purely symbolic — exchanging rings or flying a flag or attending a funeral,” he mentioned.
“We do these symbolic things to remind ourselves and others what we care about,” he mentioned.
— CNBC’s Russell Leung contributed to this story.
Learn the total letter to Treasury Secretary Scott Bessent beneath:
April 23, 2025
Scott Bessent
Secretary of the Treasury
1500 Pennsylvania Avenue NW
Washington, DC 20220
Expensive Scott,
The undersigned members of your Yale ’84 class are writing to induce you to rethink your half in facilitating the Trump administration’s supposed transformation of our constitutional republic into an authoritarian state. As a Yale Political Science main, that the three branches of the U.S. authorities are supposed to act as equal companions, offering checks and balances on one another to stop the sort of energy seize the chief department is at present perpetrating.
Examples abound. Through the previous three months, the Trump administration has aggressively sought via govt orders and different means to usurp the ability vested within the judicial and legislative branches to allow them to act with out restraint, not for the advantage of the American individuals, however for their very own private aggrandizement, wealth, and energy. So lots of their actions are unconstitutional and undermine the very ideas of our democracy, together with their:
- cancellation and clawing-back of funds already accredited and appropriated by Congress;
- dismantling of key federal companies that serve, inform, and defend the general public;
- granting Elon Musk and his DOGE cohorts just about limitless entry and management over the personal information of tens of millions of US residents, the nation’s safe monetary programs, and the ability to rent and hearth federal staff in each company, together with companies that regulate his personal companies;
- removing of Inspectors Basic and different screens of fraud and corruption all through the federal government;
- punitive assaults on unbiased information media, universities, residents, judges and different governmental staff merely as a result of they disagree with the administration;
- upending of world alliances that strengthened America’s pursuits world wide for many years;
- unlawful seizure and incarceration of individuals in violation of our immigration legal guidelines and the due course of required by our Structure;
- enriching their very own private funds via blatant conflicts of curiosity such because the Trumps’ meme cash and Trump Media and Know-how Group’s funding accounts that are poised to maneuver in sync with the administration’s whimsical tariff choices; and,
- fomenting a worldwide financial disaster via erratic and nonsensical tariff insurance policies and self-destructive commerce wars.
Whereas the worldwide financial chaos this administration has brought on could have set off the loudest alarm bells, the illegal method wherein they’re conducting official enterprise at residence needs to be equally alarming to you as Treasury Secretary. Your sworn oath to uphold the Structure as you handle the nation’s funds calls for that you just do the whole lot in your energy to cease this administration’s unprecedented assaults on our democracy.
Scott, please take a second to step again, look down the highway a bit, and assume arduous about whether or not you wish to be liable for enabling the descent of America into fascism. Mud off your previous marked-up copy of Hannah Arendt’s The Origins of Totalitarianism out of your school days. Remind your self that whenever you learn this textual content forty-some years in the past you thought that such a factor might “never happen here.” We’re supplying you with the advantage of the doubt that you just did not assume, “Wow, wouldn’t it be great if I could remake America into an autocracy!” And but, right here you might be, doing simply that by aiding and abetting the unlawful actions of an administration looking for to destroy 250 years of American democracy.
Our Yale schooling challenged us to make use of mild and fact, lux et veritas, to advance society, not the suppression and lies that characterize this present administration, of which you’re a key participant. We name on you to re-embrace these beliefs out of your school years and use your place to oppose and redirect this administration’s unlawful, damaging and un-American actions earlier than it’s too late.
Within the phrases of James Russell Lowell’s highly effective hymn: “Once to every man and nation, comes a moment to decide… for the good or evil side…. Then it is the brave man chooses, and the coward stands aside.” Be courageous. Arise for what to be proper and be a voice of motive within the midst of this madness.
For God, FOR COUNTRY, and for Yale.
Sincerely,
Your Yale ’84 classmates:
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