Scott Bessent

U.S. Treasury Secretary Scott Bessent told lawmakers on Wednesday that the United States should position itself as the global leader in digital assets, reinforcing the administration's support for establishing a clear regulatory framework for the crypto industry. What Happened: During testimony...

In a sudden shift, President Donald Trump stated that it is not the U.S. that needs trade deals, but its partners, contradicting earlier statements from his own administration. What Happened: In a White House meeting with Canadian Prime Minister Mark Carney, President Trump made a surprising remark...

Economist Peter Schiff called Treasury Secretary Scott Bessent "a very smart man" after a viral hearing clip showed the Cabinet official stumbling over a simple question about who ultimately pays U.S. tariffs. What Happened: "Our Treasury Secretary Scott Bessent is a very smart man. He's not the...

The U.K. and India have concluded a free trade agreement after three years of intermittent negotiations, with the aim of boosting bilateral trade by $34 billion by 2040. What Happened: The deal between the world’s fifth and sixth largest economies comes in the wake of tariff chaos...

On Tuesday, the Donald Trump administration announced that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with senior Chinese officials this weekend in Geneva, Switzerland.  What Happened: The gathering marks the first major face-to-face discussions...

Treasury Secretary Scott Bessent told lawmakers Tuesday that the U.S. economy is showing strong signs of resilience, with job gains outpacing expectations and inflation finally easing across key consumer categories, championing the Trump administration’s policy actions. In testimony before...

Treasury Secretary Scott Bessent defended President Donald Trump‘s economic agenda on Sunday in an op-ed, arguing that the administration’s approach will benefit Main Street while maintaining Wall Street’s strength. What Happened: “President Trump intends to usher in the...

The United States and Ukraine have entered into an agreement to jointly invest in Ukraine’s mineral resources, oil, and gas sectors. This move reportedly fulfills a key request from the White House and provides crucial support to Ukraine. What Happened: The newly established “United...

Wall Street rose modestly by midday Tuesday, as investors weighed the latest developments in trade negotiations and awaited a wave of key economic data and corporate earnings set for release later this week. President Donald Trump is expected to unveil a new executive order on auto tariffs later...

U.S. stock futures rose Tuesday morning as investors looked ahead to upcoming earnings reports and awaited greater market clarity throughout the week. Things haven’t moved all that much on the trade and tariffs front, with Treasury Secretary Scott Bessent merely stating on Monday that it was...

In a bid to navigate the impending U.S. tariffs, South Africa and several other countries have been reportedly seeking advice from Goldman Sachs since late February. What Happened: South African officials have been consulting with Goldman Sachs to devise strategies to mitigate the impact of the...

Treasury Secretary Scott Bessent says it’s up to China to de-escalate the current trade war with the U.S. What To Know: “As I’ve repeatedly said, I believe that it's up to China to de-escalate because they sell five times more to us than we sell to them. And so these 125%,...

Treasury Secretary Scott Bessent has called on China to take proactive steps towards easing trade tensions while expressing optimism over trade deals with other countries. What Happened: Bessent pointed out China’s higher export rate to the U.S. as a key factor contributing to the...

The Nasdaq has staged a remarkable turnaround in April, transforming from what was initially dubbed the “worst April for the stock market since the Great Depression” to posting gains for the month, a recovery that’s drawing attention from prominent market analysts. What Happened:...

A group of Yale University alumni publicly appealed to Treasury Secretary Scott Bessent, urging him to reevaluate his position within the Donald Trump administration. What Happened: An open letter dated Wednesday, signed by 140 Yale Class of 1984 alumni, alleged that the Trump administration is...