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
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
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.
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’
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 has called for a comprehensive review of the Federal Reserve, extending beyond building renovation controversies to examine the institution's overall effectiveness. This announcement comes amid escalating te...
Treasury Secretary Scott Bessent predicts the U.S. economy will exceed 3% growth within the next year, driven by the administration's economic policies. This forecast comes after a muted growth in the first quarter, with hopes that tax reli...
U.S. economy will be growing faster than 3% this time next year, predicts Treasury’s Bessent
Treasury Secretary Scott Bessent addressed Moody's recent downgrade of the U.S. credit rating, asserting it's a 'lagging indicator.' The discussion also covered Trump-era tariffs and a controversial jet gift from Qatar.
Treasury secretary calls Moody's a 'lagging indicator' after U.S. credit downgrade
Treasury Secretary Scott Bessent faced scrutiny before the House Financial Services Committee regarding the impact of President Trump's tariffs. Lawmakers and economists are raising concerns about who ultimately bears the burden of these tr...
Treasury Secretary Scott Bessent is advocating for significant changes in international financial institutions and trade policies under the Trump administration. His recent address highlights the administration's focus on restoring balance...
Watch live: Treasury Sec. Bessent outlines plan to restore 'equilibrium' to world financial system
Former U.S. Treasury Secretary Janet Yellen has sharply criticized the trade policies enacted during the Trump administration, labeling the resulting trade war, particularly with China, as potentially the 'worst self-inflicted wound'. This...
In a significant statement reflecting ongoing geopolitical tensions, U.S. Treasury Secretary Bessent has described recent actions by China as a 'big mistake' and an 'escalation.' This strong language from a key figure in the U.S. administra...
Treasury Secretary Scott Bessent believes the U.S. has a significant advantage over China in the escalating trade war, asserting that China's recent escalations are a miscalculation.
Recent comments by U.S. Treasury Secretary Scott Bessent dismissing concerns over market volatility's impact on retirement savings have ignited public debate. His remarks came shortly after significant market drops followed President Trump'...
Recent reports suggest growing turmoil within the Trump administration following the announcement of sweeping new tariffs. Treasury Secretary Scott Bessent is allegedly seeking an exit strategy amidst market volatility and concerns over the...