Scott Bessent

As the week comes to a close, here’s a look at some of the most significant stories that unfolded in the world of politics. Trump Says US Could ‘Completely’ Or ‘Substantially’ Cut Income Tax Donald Trump hinted at a significant change in U.S. tax policy. He...

Economist Paul Krugman is drawing sharp parallels between the current state of the AI trade and the final years of the dot-com boom in the 1990s, while warning that investors might be misreading the Federal Reserve’s recent signals and actions. AI Boom Bears ‘Unmistakable Resemblance...

Treasury Secretary Scott Bessent on Tuesday dismissed fears that the U.S. economy has become dangerously addicted to artificial intelligence (AI) spending, arguing instead that investment is poised to broaden into a wider industrial resurgence. Bessent Sees Growing Manufacturing Sector Along With...

Treasury Secretary Scott Bessent weighed in on New York City Mayor-elect Zohran Mamdani's recent Oval Office visit to meet President Donald Trump, with a candid take on the Democratic leader’s campaign, policies and the meeting's surprising optics. Mamdani’s Old Ideas ‘Have Never...

Sen. Adam Schiff (D-Calif.) used the Thanksgiving run-up to knock President Donald Trump's pledge to lower grocery bills, saying many staples still cost far more than when Trump took office. Schiff Flags Turkey, Beef, Sweet Potato Price Jumps In a post on X on Sunday, Schiff wrote, "As we approach...

Treasury Secretary Scott Bessent on Sunday urged Senate Republicans to be ready to scrap the legislative filibuster if Congress triggers another government shutdown when current funding expires in late January, aligning himself with President Donald Trump's demands to end the 60-vote hurdle....

Treasury Secretary Scott Bessent defended the Trump administration's handling of inflation and affordability, dismissing concerns over recent consumer price increases and forecasting relief for American households ahead of the holidays. The Cheapest Thanksgiving ‘In Four Years’ On...

In a recent private meeting with House Republicans, Treasury Secretary Scott Bessent reportedly discussed the potential impact of the GOP’s tax and trade policies on the 2026 midterm elections. House GOP Debates Economic Path Bessent held a closed-door meeting with a group of...

Treasury Secretary Scott Bessent highlighted the unprecedented wave of capital flowing into the United States, resulting from new corporate plans and trade agreements under President Donald Trump, which he said is beyond what was seen under prior administrations. ‘$20 Trillion’ In New...

Millions of Americans could be getting stimulus checks of $2,000 or more, according to President Donald Trump. While the new stimulus checks are not official, they could serve as relief for higher prices and macroeconomic uncertainty and also serve as future stock investments by some consumers....

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s plans to sell federal student loans to private companies, warning that the move could create windfall gains for Wall Street, at the expense of taxpayers and average working Americans. A ‘Giveaway’ To...

President Donald Trump has announced that his administration will begin issuing $2,000 “tariff dividend” checks to Americans by mid-2026 or later. Tariff Dividends For ‘Moderate’ To ‘Middle Income’ Group Trump announced this on Monday, providing the most specific...

Momentum is building behind President Donald Trump's push to send Americans $2,000 in tariff-funded payments as GOP lawmakers signal a willingness to consider the proposal. Britt Signals Openness To Trump's Tariff-Backed Payments Sen. Katie Britt (R-Ala.) said Sunday that the Senate should "take a...

Treasury Secretary Scott Bessent said on Sunday that "working families" would receive the $2,000 tariff checks President Donald Trump has proposed, offering the clearest hint yet at who might benefit from the White House plan. Bessent Says Tariff Checks Target Working Families "[The dividends]...

The U.S. may have transferred over $800 million of its IMF reserves to Argentina, in a transaction that occurred just before a crucial debt payment. Argentina Taps US Swap to Repay IMF? The U.S. Treasury’s “special drawing rights” (SDRs) at the IMF, which can be used to pay...