The clapback came a day after Bessent used his own appearance at the World Economic Forum to joke that Newsom reminded him of a cross between American Psycho Patrick Bateman and "Sparkle Beach Ken."

Treasury Secretary Scott Bessent mocked Gavin Newsom as Alex Soros’ “billionaire sugar daddy" after the governor complained world leaders were rolling over for Trump.

"It's simply an irresponsible position to be putting ourselves in," one senator said of potential future deficits.

California Gov. Gavin Newsom is using the Davos forum as somewhat of a global showcase, inserting himself into international economic and political conversations in a way that increasingly resembles a shadow presidency — and a direct counterweight to President Donald Trump.

President Donald Trump appears to be looking back on his relationship with Gavin Newsom through rose-colored glasses. The California governor, however, doesn’t seem to share the sentiment. Trump, 79,

The European Commission president, Ursula von der Leyen, said recent chaotic events underlined the need for what she called “a new form of European independence”—and she warned that it would be a mistake to expect a return to normal. “Nostalgia will not bring back the old order,” she said.

President Donald Trump reflects on his once-strong relationship with California Gov. Gavin Newsom, explaining Newsom’s leadership and policies drove them apart.

Treasury Secretary Scott Bessent criticized California Gov. Gavin Newsom's economic record at the World Economic Forum in Davos Wednesday.