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Secretary Wright Joins Newsmax on Energy Prices, Davos, and the Department's Loan Portfolio, Jan. 27, 2026

January 27, 2026 · U.S. Department of Energy · 0:07:40

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

On Newsmax, Secretary Wright said, as he stated it, that the President’s domestic agenda is to drive down prices, grow job opportunities, and get more things built in America, which bids up wages, particularly for blue-collar workers, as he stated it. Discussing Davos, he said, as he stated it, that he and the President brought the same message in two different styles, met very little pushback, and that most European leaders and business leaders know, in his account, that they overhyped climate change and made energy more expensive, pushing industry toward Asia, as he characterized it.

Asked about the department’s loan portfolio, Wright said, as he stated it, that the Biden administration lent or committed a little over $100 billion in four years, and that $80 billion of that was committed in the last 76 days, after the election was lost and before President Trump was inaugurated, as he stated it. He said, as he stated it, that under the new team at what he called the Energy Dominance Financing Office, $30 billion of those loans are being pulled back — the money will not be lent — and the rest is being redirected to projects that grow energy supply and lower costs, as he stated it.

The interview also played Iowa voters discussing lower gasoline prices, which Wright said, as he stated it, warm his heart, and closed with Wright defending Homeland Security Secretary Kristi Noem, saying, as he stated it, that she has been all in on homeland security and deserves credit, with the rest of the administration, for closing down the border, while calling what happened in Minneapolis unfortunate and a tragedy in the loss of American lives, as he stated it.

Why it matters

The loan-portfolio segment is the administration’s most specific public accounting of what it says the prior administration committed in its final 76 days and what the new team is pulling back — figures that anchor the Fraud, Waste & Corruption and energy records alike.

Scoreboard watch

Secretary Wright’s loan figures in this interview — a little over $100 billion committed by the prior administration, $80 billion of it in its last 76 days, and $30 billion now being pulled back, all as he stated them — are checkable against the department’s loan record. Flagged as scoreboard candidates for the editor; no verdict is published from this page.

Sources: U.S. Department of Energy, “Secretary Wright Joins Newsmax’s Chris Salcedo - January 27, 2026”, 2026-01-27 (official upload, embedded above; published 2026-01-27). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.