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Story summary
- Treasury Secretary Scott Bessent labeled California Governor Gavin Newsom out of touch and suggested he may be cracking up.
- Bessent, a Trump ally, dismissed Newsom's comments and said he knows less about economics than Kamala Harris.
- This exchange is part of an ongoing feud between Newsom and U.S. President Donald Trump that intensified at Davos.
- Newsom's Davos appearance was canceled.
- Bessent defended Trump's economic policies aimed at protecting small investors.
