Scott Bessent Champions Financial Literacy Amid National Debt Concerns | U.S. Banks May Soon Collect Citizenship Data from Customers | Project Glasswing: AI Secures Critical Software | US Treasury Department Dispute Over Federal Reserve Oversight | US-Israel War on Iran Escalates: Fresh Strikes and Global Impact | U.S. Navy to Escort Oil Tankers Through Strait of Hormuz When Possible | Treasury Secretary Scott Bessent Clashes with Democrat Maxine Waters Over Trump's Economic Agenda | Trump Administration Considers Investigating Fed Nominee Over Interest Rate Policy | Scott Bessent Champions Financial Literacy Amid National Debt Concerns | U.S. Banks May Soon Collect Citizenship Data from Customers | Project Glasswing: AI Secures Critical Software | US Treasury Department Dispute Over Federal Reserve Oversight | US-Israel War on Iran Escalates: Fresh Strikes and Global Impact | U.S. Navy to Escort Oil Tankers Through Strait of Hormuz When Possible | Treasury Secretary Scott Bessent Clashes with Democrat Maxine Waters Over Trump's Economic Agenda | Trump Administration Considers Investigating Fed Nominee Over Interest Rate Policy
Treasury Secretary Scott Bessent is making financial literacy a key focus, advocating for Americans to invest and save wisely. His efforts come at a time when the U.S. grapples with record levels of national debt and rising costs of living,...
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
The U.S. government is considering requiring banks to collect citizenship data from their customers. Treasury Secretary Scott Bessent has stated that the Trump administration expects banks to comply with this mandate, sparking debate and ra...
Treasury Secretary Scott Bessent is preparing banks to collect citizenship data
Project Glasswing, spearheaded by Anthropic, is a collaborative initiative uniting tech giants like Amazon, Apple, Microsoft, and Google to leverage AI in bolstering cybersecurity. The project addresses the increasing threat of AI-driven cy...
Project Glasswing: Securing critical software for the AI era
A controversy has emerged between the U.S. Treasury Department and the Financial Times (FT) concerning a report suggesting increased Treasury oversight of the Federal Reserve. The Treasury Department is vehemently denying the claims and has...
US treasury department demands retraction of story on increased oversight of Federal Reserve
The ongoing conflict between the US-Israel alliance and Iran has intensified with fresh strikes on Tehran and Beirut. This escalation has prompted international concern and discussions regarding potential resolutions and the war's global im...
Iranian Currency Jumps After U.S. Allows Some Oil Sales
Amidst the ongoing conflict between the U.S./Israel and Iran, the U.S. Navy is preparing to escort oil tankers through the Strait of Hormuz. This move aims to ensure the safe passage of vessels through the critical waterway, which has been...
U.S. Military Turns Down Requests to Escort Tankers Through Hormuz
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