A confrontation unfolded between Treasury Secretary Scott Bessent and Democratic Congresswoman Maxine Waters during a House Financial Services Committee hearing, highlighting tensions over President Trump's economic agenda. This exchange un...
US Treasury's Bessent says he was wrong when he said tariffs could be inflationary
Amidst ongoing concerns about political influence over the Federal Reserve, Treasury Secretary Scott Bessent has declined to rule out a potential investigation into Fed nominee Kevin Warsh if he refuses to lower interest rates to President...
Trump would decide whether to investigate Fed pick Warsh over refusal to cut rates: Bessent
A contentious exchange unfolded during a House Financial Services Committee hearing between Representative Maxine Waters (D-Calif.) and Treasury Secretary Scott Bessent concerning President Donald Trump's economic strategy, particularly foc...
Bessent Says Fed Lacks Accountability and Has Lost Public Trust
The Trump administration is escalating its crackdown on alleged fraud in Minnesota, implementing new financial measures and investigations targeting social service programs and money transfers.
Trump administration wields new financial weapon against Minnesota
Treasury Secretary Scott Bessent divested his holdings in North Dakota soybean farmland amidst President Trump's announcement of a $12 billion farm aid package. This move comes after concerns were raised about potential conflicts of interes...
Bessent divests from soybean farmland ahead of Trump aid announcement for farmers
Companies are actively preparing for the possibility of the Supreme Court mandating the Trump administration to refund billions in tariff revenue collected. This preparation occurs amidst uncertainty regarding the court's decision on the le...
Companies seek refunds from tariffs as Supreme Court decision looms
U.S. Treasury Secretary Scott Bessent has publicly defended President Donald Trump against recent claims of declining health, directly addressing the issue at a New York Times event. Bessent's remarks come in response to a New York Times ar...
Scott Bessent Is a Political Hack. Treasury Can’t Survive That.
Recent news highlights several significant developments under the Trump administration, ranging from potential shifts in oil prices based on actions in Venezuela and Ukraine to domestic policy changes and controversies.
Bessent Says Oil Prices Will Drop “if Something Happens” in Venezuela
Ground beef prices are potentially soaring to $10 a pound, sparking a heated debate about the Trump administration's economic policies and their impact on food affordability. Treasury Secretary Scott Bessent has attributed the rising costs...
High Beef Prices? Trump Official Blames Biden and Migrants.
Treasury Secretary Scott Bessent is facing scrutiny for allegedly delaying a pledge to pay nearly $1 million in back taxes. This situation raises concerns about potential conflicts of interest and the ethical standards expected of high-rank...
The I.R.S. Tried to Stop This Tax Dodge. Scott Bessent Used It Anyway.
Treasury Secretary Scott Bessent and ABC News anchor George Stephanopoulos engaged in a heated exchange regarding government shutdowns, bringing past comments and political strategies into the spotlight.
Weeks after Trump publicly smeared George Stephanopoulos, MAGA devotee Scott Bessent was out for a fight with the ABC host.
Treasury Secretary Scott Bessent has voiced concerns about sectors of the U.S. economy potentially being in a recession, driven by high interest rates and other factors. This perspective contrasts with President Trump's repeated assertions...
Treasury’s Bessent concedes some parts of the economy are already ‘in recession’
Arkansas farmers are hopeful as China resumes soybean purchases from the U.S. after a period of halted imports due to trade tensions. This development could alleviate some of the economic pressures faced by the state’s agricultural sector.
Trump Live Updates: Latest News on Xi Meeting, China Trade Talks and Dr. Casey Means
Trade tensions between the U.S. and China continue to be a focal point in global economics and politics. Despite ongoing negotiations and meetings, fundamental disagreements persist, particularly concerning tariffs and control over rare ear...
Treasury Secretary Bessent says a stock market decline won't deter the U.S. from taking strong action against China
The US government faced a shutdown in October 2025 due to disagreements between Republicans and Democrats on funding and healthcare tax credits. The shutdown led to layoffs of federal employees and concerns about military paychecks.
Live updates: Trump news, government shutdown, town hall with AOC and Bernie Sanders | CNN Politics
The United States government, under Treasury Secretary Scott Bessent, has stepped in to support Argentina's economy by purchasing Argentine pesos and finalizing a $20 billion currency swap framework. This move aims to stabilize the country'...
Big Investors Await Windfall From Trump’s Argentina Bailout
Treasury Secretary Scott Bessent has expressed confidence in President Trump's tariff plan but cautioned about potential massive refunds if the Supreme Court rules against it. The administration is also considering alternative legal strateg...
America will refund about ‘half the tariffs’ if SCOTUS rules Trump overstepped, Bessent says
Treasury Secretary Scott Bessent emphasizes the critical role of semiconductor chips for the United States, covering topics from Intel investments to international relations.
Trump not looking at taking stake in Nvidia, Bessent says
A debate has emerged between former Treasury Secretary Lawrence Summers and current U.S. Treasury Secretary Scott Bessent regarding the appropriate direction of interest rates. Summers has publicly criticized Bessent's prescriptive approach...
Bessent’s Rate View Defies Fed Models, Deutsche Bank Says
US Treasury Secretary Scott Bessent has suggested that increasing tariff revenues could be used to help reduce America's growing national debt, which is nearing $37.2 trillion. This proposal comes as the US collected over $29 billion in tar...
New tariffs are generating billions of dollars in revenue, but Bessent says that will go toward paying national debt