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The Latest Breaking News from Scott Bessent

Firings, and Tariffs, and Trump, Oh My!

Justices Barrett and Kavanaugh are still chewing over Justice Gorsuch's questions from the tariffs case.

Reason

Trump says $1,776 'warrior dividends' were made possible partly by tariff revenue, which still lags $100 billion behind what the White House expected

The one-time check to military personnel will cost the administration $2.6 billion.

Fortune

The American voter is angry about one thing above all and Trump's tariffs are in the crossfire, Goldman's chief political economist says

Cost of living is the issue driving the midterms. Trump calls affordability a "hoax" when Democrats say it, but his tariff regime is showing cracks.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Billionaire Ray Dalio joins push to fund Trump Accounts, pledging $75 million to Connecticut kids

The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday in part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program

The Independent UK

Trump continues to dangle $2,000 checks for Americans as tariff rebates - but will they happen in 2026?

Future of $2,000 tariff rebate checks likely lies with the Supreme Court which will soon decide if the president can impose sweeping tariffs

The Independent UK

New year, same problems for Trump with control of Congress on the line

President Trump is poised to head into the new year facing some new political headwinds as Republicans look to hang onto control of Congress.

Roll Call

Scott Bessent said Trump could announce a new Fed chair 'before Christmas': Here's what you need to know about the leading candidates

What to know about Fed candidates Kevin Hassett, Kevin Warsh, Chris Waller and Rick Rieder.

Fortune

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Trump's article of faith: Economy will soar in '26

Trump's bullish belief is key to understanding why he's so reluctant to say there's an "affordability crisis."

Axios

Donald Trump Admits Voters Are Struggling: 'Take a While' To See My Economy

Donald Trump admits voters don't see his 'greatest economy' as GDP slows. Discover why polls hit record lows and what relief is promised.

International Business Times UK

Americans to Get Up to $2000 in Refunds, Says Treasury Head

US Treasury Secretary Scott Bessent said working Americans may receive refund checks of as much as $2000 in line with Donald Trump's One Big Beautiful Bill Act.

International Business Times UK

Treasury rachets up investigations targeting Minnesota's Somali community for fraud

The Treasury Department is targeting businesses used to send money abroad as President Donald Trump's administration ramps up investigations into fraud within Minnesota's Somali community

The Independent UK

Treasury Secretary Bessent calls for looser regulations for the U.S. financial system

U.S. Treasury Secretary Scott Bessent is proposing changes to the Financial Stability Oversight Council

The Independent UK

Scoop: Trump sanctions Maduro's nephews, 6 ships carrying Venezuela oil

It's the latest turn in President Trump's pressure campaign on Maduro, whom the administration has accused of leading a narco-trafficking terrorist organization.

Axios

'Better To Go Up And Take Our Seats': Trump Battles 'Pretty Rough Flight' While Rushing To Safety

Sudden turbulence forces Donald Trump to end an Air Force One press exchange while travelling to Pennsylvania as his administration pushes affordability messaging.

International Business Times UK

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The Independent UK

The Latest: Federal judge grants request to unseal Ghislaine Maxwell case records

A federal judge says the Justice Department can publicly release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidante of Jeffrey Epstein

The Independent UK

Trump tells India to stop ‘dumping rice’ on US or face new tariffs

India is world’s largest rice exporter

The Independent UK

Trump is proposing a $12B aid package for farmers hit hard by his trade war with China

A White House official says President Donald Trump is planning a $12 billion aid package for U.S. farmers who have struggled to sell their crops while getting hit by rising costs

The Independent UK

Bessent divests from soybean farmland ahead of Trump aid announcement for farmers

Treasury Secretary Scott Bessent says he has divested from his North Dakota soybean farmland

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Fortune

Craigslist founder signs the Giving Pledge, and his fortune will go to military families, fighting cyberattacks—and a pigeon rescue

“A nerd’s gotta do what a nerd’s gotta do, and a nerd should practice what he preaches,” Craig Newmark said.

The Guardian - US

Ilhan Omar calls Trump’s anti-Somali tirade ‘completely disgusting’

Minnesota congresswoman says ‘hateful rhetoric’ can lead to ‘dangerous actions by people who listen to the president’

Axios

Bessent sells his soybean farm, says farmers still need help

He sold his farm in the last week, as soybean futures sat near the highest levels of the year.

Benzinga

Trump Considers Australian Retirement Plan, Musk Predicts AI-Driven Unemployment And More: This Week In Economy

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 stories.

Fortune

Treasury Secretary Bessent insists Trump’s tariff agenda is ‘permanent,’ saying the White House can re-create it even with a Supreme Court loss

Using various other justifications, the White House can implement its tariffs regardless of a Supreme Court loss, said Scott Bessent.

Benzinga

Costco November US Core Comps Fall Short, But Trends Overall Consistent: Analyst

Costco Wholesale Corp. (NASDAQ:COST) is facing new scrutiny after its November U.S. core sales came in softer than expected, signaling a rare cooling in the retailer’s multi-month momentum and raising fresh questions about consumer strength heading into the holidays.

Fortune

Tariffs and the $38 trillion national debt: Kevin Hassett sees ‘big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

The favorite to become Fed chair says tariffs are an important part of Trump’s economic policy and behind “a lot of the revenue coming into the Treasury.”

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