Scott Bessent

U.S. Treasury Secretary Scott Bessent defended President Donald Trump‘s new H-1B visa policy on Wednesday, saying it is designed to temporarily bring in skilled foreign experts to train American workers, not replace them. Speaking to Fox News host Brian Kilmeade, Bessent said the strategy was...

Treasury Secretary Scott Bessent on Wednesday accused Democrats of engineering the record U.S. government shutdown to damage President Donald Trump politically, arguing the fight was "never about healthcare" and predicting the economy will roar back once Washington reopens for business. Bessent...

President Donald Trump will host a private dinner at the White House on Wednesday evening for a select group of prominent Wall Street executives, focusing on improving relationships with business leaders and encouraging increased investment in U.S. manufacturing. JPM stock is moving. See the...

Treasury Secretary Scott Bessent on Tuesday defended the government's $20 billion emergency support for Argentina as a bid to "pursue peace through economic strength," insisting it was a profitable swap line, not a bailout. Bessent Calls Argentina Aid A Profitable Swap "Economic security is...

President Donald Trump expressed support for providing Americans with $2,000 in tariff dividend checks, though experts note that the source of funding for the plan remains unclear. No Leftover Tariff Revenue Erica York, Vice President of Federal Tax Policy at Tax Foundation, took to X on Monday to...

The Treasury Department and the Internal Revenue Service have introduced new guidance, clearing the way for them to stake digital assets and share rewards with investors. IRS Creates Safe Harbor For Crypto Staking The IRS, on Monday issued guidance under Revenue Procedure 2025-31, allowing exchange...

President Donald Trump said on Sunday that every American will receive at least $2,000 funded by U.S. tariff revenues, even as his own Treasury secretary Scott Bessent suggested any dividend may arrive through other means rather than checks in the mail. Trump Touts Tariff Windfall And $2,000...

Treasury Secretary Scott Bessent said on Sunday that he has not seen any formal plan from the White House to replace the Affordable Care Act or Obamacare, even as President Donald Trump urges Republicans to scrap the law and redirect its funding "into the pockets of the American people." Bessent...

Treasury Secretary Scott Bessent praised his former colleague, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, while weighing in on his controversial $1 trillion compensation package. TSLA is encountering selling pressure. Check out the latest moves here. Dismisses Rumors of Altercations With Musk When...

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting. Bessent Says Trump’s Spending Cuts To Ease Inflation Bessent, in his...

As the week comes to a close, here’s a quick recap of the top stories that dominated the headlines, from the world of politics to the economy and the stock market. Scott Bessent Fires Back At Bob Elliott‘s Claim That Tariffs ‘Offset’ Rent Relief An economist’s analysis...

On Friday, U.S. Treasury Secretary Scott Bessent marked Bitcoin's (CRYPTO: BTC) 17th anniversary with a pointed comparison between the cryptocurrency's reliability and Washington's gridlock, taking a swipe at Senate Democrats for the ongoing government shutdown. Treasury Secretary Says ‘Bitcoin...

Sen. Elizabeth Warren (D-Mass.) took to X on Monday to accuse Treasury Secretary Scott Bessent and President Donald Trump of "buying" Argentina's midterm elections for their "political ally" Javier Milei and enriching hedge funds. Warren's Post Targets Bessent's Argentina Financing Push "You and...

Javier Milei‘s unexpected landslide in Argentina's midterm elections is electrifying the country’s assets, with stocks and bonds surging in a show of confidence rarely seen among emerging market investors. The Global X MSCI Argentina ETF (NYSE:ARGT), the only U.S.-listed ETF focused...

A new analysis from economist Bob Elliott warns that a “surge in tariff related price hikes” is keeping inflation “stuck above 3%,” effectively wiping out any disinflationary relief consumers were seeing from falling rents. Tariffs Are Fueling ‘Price Hikes’ While...