120 stories found
Financial commentators caution that Treasury Secretary Scott Bessent's approach to managing government debt could lead to significant market disruptions, urging continued vigilance.
Following US Treasury Secretary Scott Bessent's announcement on increased debt purchases, Bitcoin surged 22%, prompting financial analysts to examine whether the current upward momentum can be maintained long-term.
Iran's parliamentary speaker Mohammad Bagher Ghalibaf publicly targeted US Treasury Secretary Scott Bessent regarding Washington's latest economic sanctions package.
Fixed-income investors remain cautious and unconvinced by Treasury Secretary Scott Bessent's proposed fiscal strategies, citing concerns over debt sustainability and interest rates.
US Treasury Secretary Scott Bessent is reportedly considering using US cash reserves in an effort to manage and stare down bond markets.
A photo of US Treasury Secretary Scott Bessent's to-do list, showing an item to purchase $5 billion-$10 billion worth of yen, suggests potential US intervention in currency markets.
Financial commentators have criticized Treasury Secretary Scott Bessent's recent efforts to intervene in the bond market, labeling the strategy ineffective amid ongoing fiscal debates.
After a turbulent week for the US bond market, traders are pausing to consider the next moves by Treasury Secretary Scott Bessent.
Chinese AI models are at the center of a growing divide in Silicon Valley, with US Treasury Secretary Scott Bessent questioning their use of 'stolen materials' and Beijing pushing back against American restrictions.
Treasury Secretary Scott Bessent says the working class is catching up
Scotiabank has outlined Treasury Secretary Scott Bessent's planned economic escalation against Iran, with analysts suggesting the US cannot achieve victory through military action alone, as Brent crude futures await further details.
The US Treasury has announced sanctions against a UAE-based cryptocurrency exchange, alleging its involvement in an Iran sanctions evasion scheme. Treasury Secretary Scott Bessent stated the department would dismantle illicit financial networks supporting the Iranian regime.
Treasury Secretary Scott Bessent is reportedly employing hedge fund tactics to help stabilize and rescue the Japanese yen. This move highlights an unconventional approach to currency intervention by a high-ranking financial official.
U.S. Treasury Secretary Scott Bessent held a call with Chinese Vice Premier He Lifeng to prepare for President Xi Jinping's upcoming visit to the U.S. in September, with discussions focusing on trade and rare earths.
Treasury Secretary Scott Bessent has publicly supported Elon Musk's assertion that Americans may not need to save for retirement due to the future abundance created by artificial intelligence.
US Treasury Secretary Scott Bessent has signaled potential action against open-source artificial intelligence (AI) models, citing accusations that Chinese developers are creating low-cost systems using stolen US intellectual property.
The U.S. Treasury Department, under the Trump administration, has reportedly shelved plans to feature anti-slavery activist Harriet Tubman on the $20 bill, according to Treasury Secretary Scott Bessent.
Treasury Secretary Scott Bessent predicts a 3% GDP growth for the U.S. economy this year, a forecast that Kalshi traders largely disagree with, seeing little chance of it materializing.
US Treasury Secretary Scott Bessent stated that Gulf countries would be compensated for damages caused by Iranian attacks, with funds taken from frozen Iranian bank accounts.
The US House of Representatives passed a resolution to curb President Trump's ability to wage war against Iran, marking a rare bipartisan rebuke. This move highlighted divisions within the Republican party regarding the president's foreign policy decisions.
US Treasury Secretary Scott Bessent confirmed the extension of the sanctions exemption for Russian oil for an additional month. This decision has drawn comments from EU officials, suggesting a lack of complete agreement within the G7 on Russian sanctions policy.
Treasury Secretary Scott Bessent concluded Financial Literacy Month by hosting a fair for over 50 D.C. students, featuring games, booths, and vault tours to promote financial education.
A political dispute has erupted between US Treasury Secretary Scott Bessent and Senator Bernie Sanders concerning the invitation of Chinese scientists to a critical AI safety forum, with Bessent advocating against inviting foreign nationals while Sanders supports international cooperation.
Emirati officials have reportedly spoken with Treasury Secretary Scott Bessent about accessing dollars, seeking a wartime financial lifeline from the US if the Middle East conflict drags on.
The White House has announced it will not renew the waiver for Russian oil sanctions, a decision defended by U.S. Treasury Secretary Scott Bessent, who previously argued the temporary waiver prevented a significant price spike.
Bessent Keeps Running Tally Of China As "Unreliable Global Partner" - Count Now Stands At Three Treasury Secretary Scott Bessent told reporters Tuesday that Beijing’s panic hoarding of…
British Finance Minister Rachel Reeves was not backing away from her criticism of the Iran war as "folly," even as she prepared to meet Treasury Secretary Scott Bessent and other U.S.
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an emergency meeting this week with bank CEOs to warn them about...
The US has reportedly informed Israel of a potential ground military operation to seize Iran's Kharg Island, while Treasury Secretary Scott Bessent previously indicated that military deployment to the island is a possibility as the US considers escalating attacks in the Iran War.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses 'plenty' of funds to finance a potential war with Iran, despite no formal funding request yet from the Trump administration, and promises Americans will not face tax hikes, with reports questioning if the conflict will end soon.
US Treasury Secretary Scott Bessent stated that the Trump administration is "winning this crucial fight at an even faster pace than anticipated" through "Operation Epic Fury," calling Iran the "head of the global terrorism snake."
US Treasury Secretary Scott Bessent stated that the US may soon remove sanctions on Iranian oil stranded on tankers, an action he believes will increase oil supply and lower prices, though long-term effects remain uncertain.
US Treasury Secretary Scott Bessent said Thursday that Washington might "unsanction" Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East. The post…
US Treasury Secretary Scott Bessent left a live Sky News interview after being urgently summoned to meet US President Donald Trump at the White House.
In the interview, Scott Bessent said that he would ‘trust’ his child’s life in President Trump’s hands
Kremlin spokesman Dmitry Peskov's comments came hours after U.S. Treasury Secretary Scott Bessent said that Washington has issued a temporary 30-day waiver to allow Indian refiners to purchase Russian oil
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
US Treasury Secretary Scott Bessent said Wednesday that a new US global tariff will likely rise to 15 percent from 10 percent "sometime this week," as President Donald Trump's administration is working to replace its emergency tariffs that the Supreme Court recently struck down. Bessent made the remarks in a CNBC interview, as Trump has said his administration will raise the temporary tariff amid efforts to maintain his trade policy following last month's court ruling against his use of the Inte
US Treasury Secretary Scott Bessent announced that President Donald Trump's recently proposed global 15% tariff will be implemented this week, also predicting an increase in US customs revenue.
Treasury Secretary Scott Bessent admitted that US sanctions contributed to a dollar shortage and inflation in Iran, leading to recent protests.
Treasury Secretary Scott Bessent's announced "economic D-Day" targeting Iran has drawn criticism for providing insufficient implementation details, with analysts viewing it more as a political warning shot than a comprehensive strategy.
US Treasury Secretary Scott Bessent dubbed this “Operation Economic Outcast” and described it as the “greatest financial offensive ever.” The post Will Nigeria, other African countries be affected by…
Treasury Secretary Scott Bessent's bond-buying strategy is facing significant criticism, with billionaire Stanley Druckenmiller calling it a 'mistake' and other economists expressing doubts. The debate highlights concerns over the US fiscal position and Bessent's approach to financial markets.
Treasury Secretary Scott Bessent faces mounting pressure as US debt, interest rates, and consumer prices continue to rise, undermining his initial goals of deficit reduction and economic growth.
US Treasury Secretary Scott Bessent announced new measures against Iran, with officials like Hegseth indicating that the US is prepared to carry out further strikes if deemed necessary.
Donald Trump threatened to double tariffs on Canadian auto imports and proposed a new $100,000 H-1B visa fee, while the U.S. also announced expanded sanctions to isolate Iran under 'Operation Economic Outcast'.
Treasury Secretary Scott Bessent's recent moves in the bond market are being tested, with experts suggesting they may offer short-term relief but cannot provide a lasting solution. Bond investors are now bracing for further changes following Bessent's surprise interventions.
Jefferies Economist Modupe Adegbembo and Morgan Stanley Chief European Equity Strategist Marina Zavolock weighed the impact of US Treasury Secretary Scott Bessent's announcement to double the size of long-dated bond offerings, questioning his bond market credibility.
A woman has been sentenced to six years in prison for plotting to kill Treasury Secretary Scott Bessent with a Molotov cocktail. The transgender defendant was accused of planning the assassination attempt.
TEHRAN- In response to U.S. Treasury Secretary Scott Bessent’s recent warning that Washington would impose measures against Iran “never seen before,” Iran’s Economy Minister Seyed Ali Madanizadeh…
US equity futures waver after stocks hit a record high, as the US imposes 100% tariffs on Chinese drones and Treasury Secretary Scott Bessent announces unprecedented plans for Iran's economic isolation.
Treasury Secretary Scott Bessent and others are debating which letter, such as K or C, best describes the current state and recovery trajectory of the economy.
The U.S. has intervened in Japan's markets, with Treasury Secretary Scott Bessent stating that the yen crisis might not be over and that the U.S. 'will not hesitate' to act further.
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer have met with Chinese Vice Premier He Lifeng to prepare for President Xi Jinping's September visit to the United States, with new trade agreements on the agenda for the Trump administration.
US Treasury Secretary Scott Bessent met with Pakistan's Finance Minister Muhammad Aurangzeb and welcomed the country's progress in implementing economic reforms and preparing for a return to international capital markets.
U.S. Treasury Secretary Scott Bessent has reiterated assurances to the public that America's gold reserves at Fort Knox remain fully intact.
US Treasury Secretary Scott Bessent issued a warning to oil and gas companies, urging them to lower prices, following previous criticism from Trump regarding slow price drops.
US Treasury Secretary Scott Bessent stated that China surpassing the United States in artificial intelligence poses the "biggest risk" of the technology, outweighing concerns about safety or job losses.
Melania Trump announced a new savings program designed for children in foster care during an event with the first lady and Treasury Secretary Scott Bessent.
Treasury Secretary Scott Bessent challenged Senator Ron Wyden during a budget hearing, bringing up his son's past email communications with Jeffrey Epstein.
South Korean President Lee Jae Myung is scheduled to meet visiting US Treasury Secretary Scott Bessent to discuss issues including US tariffs and the upcoming US-China summit. The meeting is expected to take place this week.
Chinese Vice-Premier He Lifeng held a video meeting with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, during which China expressed "serious concern" over US restrictions.
EU Trade Commissioner Maroš Šefčovič stated his clear conviction that there will be no additional suspension of sanctions on Russian oil, following discussions with US Treasury Secretary Scott Bessent.
Treasury Secretary Scott Bessent has recommended that workers adjust their paycheck withholding, though experts caution that errors in this process could potentially lead to an unexpected tax bill.
US sanctions against Iran's oil industry have intensified tensions, particularly concerning the Strait of Hormuz, a critical shipping lane. Iran has responded with proposals for safe passage and threats against US vessels if control of the strait is challenged.
Treasury Secretary Scott Bessent has stated that the Trump administration expects banks to comply with a directive to collect citizenship information from their customers.
Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.
The US Treasury Department has formally demanded that the Financial Times retract a report concerning Treasury Secretary Scott Bessent's views on increased oversight of the Federal Reserve, labeling the article as 'manufactured'.
US Treasury Secretary Scott Bessent says relaxing restrictions on Russian oil may bring limited additional revenue to Moscow due to lower global prices.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses ample funds to finance the Iran war, even as a $200 billion additional funding request faces stiff opposition in Congress.
Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.
Trump may need to delay the trip to China due to coordinating the war effort in Iran, says US Treasury Secretary Scott Bessent.
A planned bilateral meeting between Colombia and Venezuela was abruptly called off, with both nations citing 'force majeure'. This cancellation followed a phone conversation between Colombian President Gustavo Petro and US President Donald Trump, and also affected the Venezuelan leader's first foreign trip.
US Treasury Secretary Scott Bessent firmly rejected the notion that a war with Iran could become economically unfeasible for the United States, stating "absolutely not" when asked about potential financial limits.
US Treasury Secretary Scott Bessent said the administration is exploring the possibility of easing sanctions on Russian oil to boost global supply and prevent shortages.
US Treasury Secretary Scott Bessent said the waiver is intended to ensure oil continues flowing into global markets amid the ongoing Iran war.
US Treasury Secretary Scott Bessent indicated that President Trump's plan to raise universal tariffs to 15% could be implemented this week, with authorities aiming to reinstate previous tariffs within five months.
Treasury Secretary Scott Bessent predicted that overall tariff rates, which fell after a Supreme Court ruling last month, would be back to previous levels within five months.
Treasury Secretary Scott Bessent admitted that Washington helped spark recent protests in Iran by creating a U.S. dollar shortage, leading to runaway inflation.
A top Morgan Stanley fixed-income investor is reducing short positions on long-term US bonds, citing Treasury Secretary Scott Bessent's stated willingness to intervene if yields rise too sharply.
Treasury Secretary Scott Bessent warned that countries maintaining economic ties with Iran face potential US sanctions, highlighting China's potential role in undermining these measures.
Treasury Secretary Scott Bessent's proposed $40 trillion bond buyback program introduces significant complexity to the Federal Reserve's monetary policy trajectory, raising questions about future interest rate adjustments.
Prominent investor Stanley Druckenmiller has publicly criticized Treasury Secretary Scott Bessent, marking a notable shift given their previous professional relationship where Druckenmiller once mentored him.
Treasury Secretary Scott Bessent has announced a coordinated financial strategy designed to significantly escalate economic sanctions and isolate Iran's economy.
Financial markets are closely watching Treasury Secretary Scott Bessent's upcoming actions ahead of Jackson Hole, as Treasuries extend their rally. Nvidia's earnings report is also in the spotlight, with rising costs posing a concern for investors.
With the US national debt exceeding $40 trillion and bond yields at multi-year highs, Treasury Secretary Scott Bessent announced increased buybacks to stabilize the market.
Lori Heinel, Global Chief Investment Officer at State Street Investment Management, characterized current markets as being in 'La La Land,' downplaying the long-term impact of Treasury Secretary Scott Bessent's bond buyback announcement.
A woman accused of plotting to kill Treasury Secretary Scott Bessent has been sentenced to six years in prison.
Treasury Secretary Scott Bessent promises unprecedented economic isolation of Iran as the 60-day nuclear deal deadline passes with no final agreement.
Wall Street traders and strategists are interpreting recent actions by US Treasury Secretary Scott Bessent as fresh signals of anxiety regarding the bond market.
US Treasury Secretary Scott Bessent confirmed that the US supported Japan's intervention in the yen market to help stabilize Asia, noting the yen's level was problematic and the intervention aimed to avert wider Asian instability.
A 'to-do' list belonging to US Treasury Secretary Scott Bessent, photographed by Reuters, revealed a proposal for the US to purchase $5-10 billion of Japanese yen, raising questions about US financial plans.
Chinese Vice Premier He Lifeng conveyed "serious concern" regarding recent US measures against Beijing during a phone call with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.
The US administration will investigate whether Chinese artificial intelligence models were developed using solutions created by American companies, with Treasury Secretary Scott Bessent warning of potential sanctions.
Treasury Secretary Scott Bessent attributes 1.82 million deportations under Trump's immigration policies to the return of jobs for American workers and predicts a resumption of real wage growth.
Treasury Secretary Scott Bessent stated that cutting interest rates does not necessarily have to weaken the dollar, amidst renewed discussions about potential rate hikes by the Fed.
On June 23, a book by two New York Times journalists about the second Trump administration will be released, in which they reveal very unpleasant details about US Treasury Secretary Scott Bessent.
Treasury Secretary Scott Bessent expressed frustration over young people playing the lottery, strongly advising them to invest their money instead to foster long-term growth.
Top European finance ministers have privately appealed to US Treasury Secretary Scott Bessent, urging the US administration to bring an end to the war with Iran.
U.S. Treasury Secretary Scott Bessent is scheduled to meet with Japanese Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama, and BOJ Governor Kazuo Ueda during a three-day visit next week.
US Treasury Secretary Scott Bessent stated that intensified financial pressure and measures to dismantle networks supporting the Iranian economy would soon force Iran to reduce its oil production.
US Treasury Secretary Scott Bessent has called on a Senate panel to pass comprehensive legislation for the crypto market, emphasizing the need for a clear regulatory framework.
Treasury Secretary Scott Bessent is urging Americans to adjust their tax withholding to increase their immediate take-home pay.
Multiple supertankers reportedly entered the Persian Gulf, challenging US sanctions and claims of a blockade on Iranian ports. This development comes as an advisor to Iran's Supreme Leader threatened to sink US naval vessels in the region.
US Treasury Secretary Scott Bessent provided an update on "Trump accounts," stating that over 5 million individuals signed up via Form 4547 by the April 15 tax deadline, with a $1,000 child benefit as an initial offering.
With US Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell reported to have held urgent talks over Anthropic’s latest artificial intelligence model, experts are warning that…
US Treasury Secretary Scott Bessent has defended the strategy of 'escalating to de-escalate' against Iran, stating that obliterating its power plants is the 'only language' the regime understands. Senator Ted Cruz reportedly urged Donald Trump to launch an Iran strike the day before the war.
Donald Trump controversially stated he was glad about the death of former FBI chief Robert Mueller, a remark notably omitted from Fox News's coverage. Treasury Secretary Scott Bessent has since responded to Trump's post regarding Mueller's death.
US Treasury Secretary Scott Bessent stated that the US has "plenty" of funds for the Iran war but is seeking more from Congress, while dismissing questions about possible tax increases.
The US is reportedly considering easing sanctions on Iranian oil to help stabilize global prices, with Treasury Secretary Scott Bessent stating that removing sanctions would lower prices. Oil prices have already begun to fall following Bessent's confirmation that the US may soon lift sanctions on Iranian crude stored aboard tankers.
US Treasury Secretary Scott Bessent, a minister in the Trump administration, commented on 'desertion at all levels' within Iran and suggested that an important Iranian island might become US property.
Treasury secretary Scott Bessent says White House is prepared to tolerate the trade to avoid supply shortages
Things are getting so tense in the U.S.-Iran conflict, even Treasury Secretary Scott Bessent got yanked mid-interview to speak to President Trump!
Congress general secretary in charge of communications, Jairam Ramesh, said U.S. Treasury Secretary Scott Bessent has given the Modi government its certificate for faithfully following President…
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipments The US treasury issued a 30-day waiver on Thursday allowing India to buy Russian oil currently stuck at sea. “To enable oil to keep flowing into the global market, the treasury department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” treasury secretary Scott Bessent said in a statement posted to social media. Continue reading...
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tariffs. The president last month imposed a 10 per...
Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress Senators Ted Cruz and Tim Scott are asking Treasury Secretary Scott Bessent to unilaterally implement a major capital gains tax cut -- by letting taxpayers adjust their cost basis to account for the effects of inflation. In a letter they intended to send on Tuesday, the pair will argue that it's within Bessent's authority to make such a move, without the need for legislation, “Using your executive auth...
Treasury Secretary Scott Bessent announced that approximately 3 million children have signed up for Trump accounts in an early push.