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.
In a move that could shake markets, Treasury Secretary Scott Bessent announced that steep tariffs will resume on August 1 unless countries negotiate better terms. President Trump is sending letters to trading partners, urging swift action.
In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
In a significant move, the Trump administration has directed Republican lawmakers to eliminate the proposed 'revenge tax' targeting international firms. This decision follows an agreement with G7 nations to exempt U.S. companies from a global minimum tax, aimed at protecting American business interests and encouraging foreign investment.
Treasury Secretary Scott Bessent states Walmart may have to raise prices due to Trump's tariffs, despite the President's warnings to avoid doing so. As inflation concerns linger, Bessent downplays the impact on consumers.
In a recent interview, Treasury Secretary Scott Bessent downplayed inflation fears linked to Trump’s tariffs, emphasizing Walmart’s ability to absorb costs. He praised strategic uncertainty in trade negotiations while addressing concerns over rising consumer prices.
