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.
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 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.
In a rare move, billionaire financier Ken Griffin criticizes Trump for undermining Fed independence. This article explores the implications of this stance, including a new proposal from Treasury Secretary Scott Bessent and a troubling report on JPMorgan Chase's ties to Epstein.
As the midterm elections approach, Treasury Secretary Scott Bessent reveals the Trump administration's consideration of declaring a national housing emergency to address pressing voter issues.
Treasury Secretary Scott Bessent hints at a potential 50 basis-point interest rate cut next month, following weaker job growth indicators. What does this mean for the economy?
U.S. Treasury Secretary Scott Bessent warns that the Federal Reserve's independence is at risk due to 'mandate creep' and calls for a review of its recent renovation project amid budget concerns.