In a stunning turn of events, former Treasury secretary Larry Summers has resigned from the OpenAI board following revelations of his connections to Jeffrey Epstein. The fallout continues to escalate as both political parties demand accountability.
In a stunning turn of events, former Treasury Secretary Larry Summers announces he's stepping back from public life following the release of his communications with Jeffrey Epstein. Summers admits to feelings of shame and regret over their relationship, which raises serious questions about his judgment and ties to Harvard.
President Trump has announced a proposal to pay each American a $2,000 dividend funded by tariff revenue. However, Treasury Secretary Bessent has raised doubts about the feasibility of this plan, suggesting it may just be tax savings.
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 surprising turn of events, Trump praises a significant win for Argentina's Milei, whose party's electoral success may stabilize the country's troubled economy. Discover how this impacts the US and global markets!
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.