Scott Bessent

The criminal investigation into Federal Reserve Chair Jerome Powell by the Department of Justice has sparked concerns among allies and officials of President Donald Trump. Following the public disclosure of the investigation, Sen. Thom Tillis (R. N.C.) announced he would oppose any Fed nominee put...

Sen. Elizabeth Warren (D-Mass.) slammed President Donald Trump for leaking the U.S. jobs data for December, hours before it was officially set to be released. Trump Leaks ‘Market-Sensitive’ Jobs Data On Sunday, in a post on X, Warren said that Trump’s decision to leak “...

As the weekend comes to a close, let’s take a look at some of the most significant events that unfolded in the world of politics and economics. Trump’s Foreign Moves: Distraction Or Crisis Accelerator? President Donald Trump‘s recent foreign policy rhetoric is not just political...

U.S. Treasury Secretary Scott Bessent assured the department has sufficient funds to pay any potential tariff refunds if the Supreme Court rules against President Donald Trump‘s emergency tariffs. Treasury Says Funds Available In an interview with Reuters, Bessent said the Treasury has enough...

Billionaire hedge fund manager Bill Ackman has proposed a bold suggestion to President Donald Trump and Treasury Secretary Scott Bessent to reduce mortgage rates in the United States by introducing prepayment penalties on government-backed home loans. Ackman Pushes Fannie, Freddie In a post on X...

Contrary to President Donald Trump‘s assurances, major oil companies are not keen on investing in Venezuela, according to Treasury Secretary Scott Bessent. Majors Slow, Wildcatters Eager Bessent, during Thursday’s speech at the Economic Club of Minnesota, stated that large oil companies...

Treasury Secretary Scott Bessent has hailed President Donald Trump's decision to enable a deduction of up to $10,000 on auto loan interest, unveiled as part of the latter's Big Beautiful Bill last year. ‘Putting Money Back In Pockets,' Says Scott Bessent In a post on the social media platform X on...

Americans are poised to receive the largest tax refunds in history, according to forecasts by the Secretary of the Treasury and acting IRS Commissioner Scott Bessent.  According to today’s report, Bessent anticipates households could see refunds increase by $1,000 to $2,000.  How...

The U.S Supreme Court could make a ruling on tariffs imposed on other countries by President Donald Trump as early as Friday, Jan. 9. Here's a look at what's at stake and the stocks and sectors that could see the biggest impact. Supreme Court Tariff Ruling Since taking office in January 2025,...

In a landmark decision announced on Monday, the U.S. has been exempted from a global tax deal that aims to curb profit shifting by large multinational companies. G7 Pact Shields US Multinationals Finalized by the Organization for Economic Cooperation and Development (OECD), the deal exempts major U...

As we approach the end of the year, the economic landscape has been anything but predictable. From contrasting recoveries to inflation warnings and a growing wealth gap, here’s a roundup of the weekend’s top stories. Biden Boom Vs. Trump Freeze: Paul Krugman Says We Traded Pro-Worker...

Treasury Secretary Scott Bessent has confirmed the administration is actively interviewing candidates for the next Federal Reserve Chair, seeking a leader committed to shrinking the central bank's footprint and ending the era of perpetual quantitative easing (QE). The ‘Engine of Inequality...

Treasury Secretary Scott Bessent has confirmed the administration is actively interviewing candidates for the next Federal Reserve Chair, seeking a leader committed to shrinking the central bank's footprint and ending the era of perpetual quantitative easing (QE). The ‘Engine of Inequality...

Treasury Secretary Scott Bessent said the U.S. private economy is accelerating sharply under President Donald Trump, pointing to a strong expansion in real economic output that excludes government activity. Private Economy ‘Booming Under Trump On Tuesday, in a post on X, Bessent said,...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk doubled down on claims about money becoming obsolete in the future with the advent of artificial intelligence (AI) and Robotics. AI/Robotics Will Eliminate Scarcity On Monday, a user, Scott Adams, quoted a post on X that detailed President Donald Trump's...