Scott Bessent

Billionaire Ray Dalio and his wife, Barbara Dalio, announced plans to match $250 donations to children in Connecticut, following a recent $250 donation by Michael Dell and his wife for children under 10 through the Trump Accounts initiative. Elon Musk has dismissed the move as unnecessary. Dalio...

President Donald Trump has claimed that his tariff policies have triggered an unprecedented wave of new investment into the U.S. economy, as companies choose to build domestically, in order to avoid the high duties on imports. We’ve Taken In More Than ‘$18 Trillion’ While...

Investor Kevin O'Leary pushed back on speculations that the Supreme Court could curtail President Donald Trump's authority to impose tariffs, arguing that presidential control over trade policy is both longstanding and necessary. Revoking Trump’s Tariff Powers ‘A Dangerous Precedent...

Editor’s Note: This story has been updated to include a comment from a UBS spokesperson. Treasury Secretary Scott Bessent criticized Sen. Elizabeth Warren (D-Mass.), accusing her of partisanship that is harming the American economy and undermining the “golden age” being...

Anthony Scaramucci has made a bold prediction regarding the future of President Donald Trump’s tariffs. He believes there is a 70% chance that the Supreme Court will rule to eliminate them. Trump’s ‘Authority’ To Impose Tariffs Questioned Scaramucci, the...

President Donald Trump suggested that inflation is on the decline and might continue to decrease, but also expressed concerns about the possibility of deflation. Inflation ‘Normalized,' Says Trump On Monday, Trump, while speaking to reporters in the White House, stated that inflation is...

Scott Bessent, the Treasury Secretary made a GDP forecast for the year end, downplayed concerns about inflation, attributing the rise in prices to the service economy rather than tariffs. 3% GDP Despite Inflation Bessent on Sunday predicted that the U.S economy would finish the year with 3% real...

As the week comes to a close, let’s look back at the top stories that emerged over the past few days. From Trump’s contemplation of the Australian retirement system to Elon Musk’s predictions about AI-driven unemployment, here’s a recap of the week’s most significant...

U.S. Treasury Secretary Scott Bessent expressed confidence that the administration would be able to enforce its tariff policies, regardless of the outcome of an ongoing Supreme Court case. Bessent Optimistic On Supreme Court Decision Bessent, speaking at The New York Times DealBook Summit...

President Donald Trump is reportedly contemplating appointing U.S. Treasury Secretary Scott Bessent as his chief economic adviser if incumbent Kevin Hassett is chosen as the next Chairman of the Federal Reserve. Additional Responsibilities For Bessent? The Trump administration is planning to name...

President Donald Trump has launched "Trump Accounts," providing every eligible newborn in the U.S. with a $1,000 government-funded savings account to jumpstart their financial future. Trump Accounts Provide $1,000 Starter Fund For Newborns On Tuesday, President Trump, along with support from the...

The U.S. Treasury Secretary Scott Bessent has opened a formal investigation into allegations that Minnesota taxpayers' money may have been diverted to the Somali terrorist group Al-Shabaab through alleged fraud schemes. Treasury Secretary Orders Probe Into Minnesota Taxpayer Funds On Monday,...

Leading economist Mohamed El-Erian is calling for sweeping reforms at the Federal Reserve, warning that the central bank’s credibility is at risk following a prolonged period of policy missteps and internal dysfunction in recent years. Fed Admits To Making Mistakes El-Erian, the Chief...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk acknowledged the significant contribution of H1-B talent to the U.S. and called for a more open yet cautious approach to immigration. Musk Cautions Against Ending H1-B Visa Program Musk, during an appearance on the “People by WTF” podcast hosted by...

Scott Bessent, the Treasury Secretary, has revealed that the U.S. Treasury is taking steps to terminate federal benefits for “illegal aliens” amid President Donald Trump‘s directive to safeguard these benefits for U.S. citizens. Tax Credits Barred For Ineligible Aliens...