In a recent interview, Treasury Secretary Scott Bessent clarified that there is no formal proposal from the White House to defund the Affordable Care Act, despite President Trump's claims. Bessent emphasized the importance of bipartisan cooperation in resolving the government shutdown.
With over 40 million Americans at risk of losing vital SNAP benefits due to the ongoing government shutdown, Treasury Secretary Scott Bessent hints at possible emergency payouts by Wednesday. However, uncertainty remains as federal courts mandate action on funding.
Treasury Secretary Scott Bessent warns that parts of the economy are already in recession and more could follow without interest rate cuts. The Fed's recent decisions and the looming government shutdown add to the uncertainty.
SNAP food benefits for 42 million Americans could restart as early as Wednesday after federal judges mandated the use of emergency funds during the government shutdown. Treasury Secretary Bessent confirms no appeal will be made.
In a significant diplomatic breakthrough, U.S. Treasury Secretary Scott Bessent announced a successful framework for the upcoming summit between American and Chinese officials, discussing key issues like TikTok and trade.
In a decisive move, the US Treasury has imposed new sanctions on Russia's largest oil companies, Rosneft and Lukoil, as part of efforts to pressure the Kremlin amid ongoing conflict in Ukraine. Secretary of the Treasury Scott Bessent calls for an immediate ceasefire and emphasizes the need for a peaceful resolution.
In a surprising move, the Trump administration has initiated a financial rescue plan for Argentina, with Treasury Secretary Scott Bessent directly buying pesos to support President Javier Milei. What does this mean for Argentina's future?
President Trump proposes replacing quarterly earnings reports with semiannual ones, aiming to focus on long-term goals and cut compliance costs for public companies. Treasury Secretary Scott Bessent supports the idea, citing potential benefits for investors.
A framework deal for TikTok's sale keeps certain 'Chinese characteristics' intact, raising concerns over influence amid U.S. national security debates. What does this mean for the app's future?
In a significant development, U.S. officials have reached a preliminary deal with China regarding TikTok's ownership, aiming to resolve ongoing trade tensions. With President Trump and Xi Jinping set to approve the deal, the negotiations could reshape the future of social media and international trade.