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The Latest Breaking News from Scott Bessent

Trump team preparing to install ‘allies’ at the IRS to target ‘major Democratic donors’ including George Soros: report

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

The Independent UK

Scott Bessent Says US Investment Boom 'Sustainable' Under Trump: 'The Only Thing Slowing Us Down...'

U.S. Treasury Secretary Scott Bessent credited the country’s investment boom to President Donald Trump‘s policies on Wednesday, and expressed optimism about its sustainability, but said the government shutdown was a potential obstacle.

Benzinga

Scott Bessent says Chinese top trade envoy came to Washington uninvited

US treasury secretary says Li Chenggang was ‘unhinged’ and ‘disrespectful’ during visit to DC in August

The Independent UK

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Trump claims Modi has agreed to stop importing Russian oil to India

Trump prepares to rope in China and Japan to agree to half energy imports from Russia

The Independent UK

US Government Shutdown Could Drag On 'Five, Six Weeks,' Warns Moody's Economist Mark Zandi

Despite a last-minute Pentagon maneuver to ensure U.S. troops were paid this week, the federal government shutdown continues with no end in sight, prompting Moody’s Analytics Chief Economist Mark Zandi to warn that the impasse could still last for a record “five, six weeks.”

Benzinga

Trump Administration Reportedly Plans Major IRS Shake-Up That Would Make It Easier To Target Democratic Donors

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

Benzinga

Is China winning the trade war with the US?

Beijing appears unfazed by Donald Trump's threats and an export boom suggests it may be gaining the upper hand

The Independent UK

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Scott Bessent Has It 'Backwards,' Says Peter Schiff: China's Economy Will 'Boom' As It Trades Less With The US

Economist Peter Schiff pushed back against Treasury Secretary Scott Bessent’s comments on U.S.-China trade, saying that Beijing's decision to reduce its reliance on American markets will strengthen, not weaken, its economy.

Benzinga

Ukraine-Russia war latest: Zelensky in US for Trump meeting after President announces new Putin summit

Ukrainian president will hold talks in the Oval Office after Trump said he would meet Putin in Hungary

The Independent UK

Asia Stocks Rise As Traders Weigh China-US Row, Rate Cut Hopes

Asian equities edged up Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year.

International Business Times

US senators express 'profound concern' over EA buyout: 'The proposed transaction poses a number of significant foreign influence and national security risks'

Whether it adds up to anything remains to be seen, but Elizabeth Warren and Richard Blumenthal are big mad about it.

PC Gamer

Lockheed Martin Shares Are Trading Low Wednesday: What's Going On?

Lockheed Martin Corp (NYSE:LMT) shares are trading lower on Tuesday, among other defense stocks, after Treasury Secretary Scott Bessent suggested the government may ask them to cut back on buybacks to address shortfalls in deliveries.

Benzinga

Trump Likely To Invest In More Rare Earths, Bessent Says

President Donald Trump's administration is likely to take stakes in more companies following China’s latest rare earth export limitations, Treasury Secretary Scott Bessent said Wednesday.

Benzinga

Peter Schiff Takes A Victory Lap: For Bitcoin, 'The Party Is Over'

Bitcoin (CRYPTO: BTC) underperforming against gold has prompted its prominent critic Peter Schiff to highlight the divergence.

Benzinga

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International Business Times

US Says Working On New $20 Bn 'Facility' For Argentina

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy.

International Business Times

US Treasury Chief: Beijing's Rare Earths Move Is 'China Vs World'

US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled."

Benzinga

Hillary Clinton Slams GOP As 'Trump Shutdown' Enters 3rd Week: They're Willing To 'Hold The Country Hostage' Over Health Care

Former Secretary of State Hillary Clinton criticized Republicans as the ongoing government shutdown under President Donald Trump entered its third week.

Benzinga

Elizabeth Warren Says Trump Is Giving $20 Billion To Argentina While Americans Can't Afford Groceries: Calls Out Bailout For 'Wall Street Hedge Funds'

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s decision to allocate $20 billion in taxpayer funds to Argentina, a move that comes at a time when Americans are still struggling at home.

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news in one place.

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International Business Times

US Treasury Chief Accuses China Of Wanting To Hurt World Economy

US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths.

The Independent UK

Charlie Kirk’s widow accepts Presidential Medal of Freedom on his behalf following Trump’s self-congratulatory speech: Live updates

Erika Kirk thanked President Donald Trump for honoring Charlie Kirk in ‘such a profound and meaningful way’

International Business Times

US–China Trade War Expands to the Seas With New Port Fees on Each Other's Ships

The US–China trade war extends to the seas as both nations impose new port fees on each other's ships, raising global shipping costs.

Benzinga

Scott Bessent Warns SEC Shutdown Is Halting Major IPOs, Poses 'Serious National Security Issue' For America

U.S. Treasury Secretary Scott Bessent issued a stark warning, asserting that the ongoing government shutdown is not only politically motivated but also poses serious economic issues for America, including the stalling of major Initial Public Offerings (IPOs).

The Guardian - UK

China says it will ‘fight to end’ after US said it was trying to hurt world economy

Commerce ministry says US is ‘threatening to intimidate’ with plans for new Trump tariffs on exports

Fortune

Global markets tumble as Beijing imposes new ban on U.S. shipping. Bessent vows China ‘will be hurt the most’ if it doesn’t surrender

China showed no signs of backing down from President Trump’s trade war.

Fortune

Meghan, Duchess of Sussex, Selena Gomez, and the IMF—all on the same stage

Also: All the news and watercooler chat from Fortune.

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