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The Latest Breaking News from Scott Bessent

Trump Administration Appeals 'Illegal' Tariff Ruling To Supreme Court; Asks For Swift Action

President Donald Trump has urged the Supreme Court to swiftly take up and rule on his administration's appeal of a federal court decision last week that struck down most of his tariffs as "illegal."

Benzinga

U.S. Sanctions Iraqi-Led Network Smuggling Iranian Oil Worth $300M

The U.S. Treasury sanctioned Iraqi businessman Waleed al-Samarra'i and his companies for smuggling Iranian oil disguised as Iraqi crude, a $300M operation funding Tehran's regime.

International Business Times

The canary in the coal mine is singing as global bond selloff raises national debt concerns

Global bond yields surge toward multi-decade highs as U.S., U.K., and French debt concerns mount, while gold hits a record $3,537 amid investor flight.

Fortune

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'You See The Stock market. This Decision Is An Emergency,' Says Trump Ahead Of Tariffs Ruling Appeal, Slams Foreign Nations For Lawsuit

President Donald Trump expressed his concerns about the potential economic consequences if the Supreme Court rules against his tariff policy.

Benzinga

Scott Bessent Says Trump Tariffs Delivering 'Historic Results,' GDP Growth Could Hit 5% — Justin Wolfers Hits Back: 'Ask American Manufacturers'

Treasury Secretary Scott Bessent is doubling down on the potential economic upsides of the tariffs, predicting massive revenue growth for the U.S. Government, alongside a boost to the domestic economy.

Benzinga

The Trump Administration's Fake Housing Emergency

The results of America's overly burdensome housing regulations aren't great. But they're not an "emergency."

Reason

Scott Bessent Slams Russia For Continued 'Despicable' Attacks On Ukraine, Warns Of Upcoming Sanctions As Putin Blames West

Treasury Secretary Scott Bessent has indicated that the United States is considering imposing sanctions on Russia due to its ongoing attacks on Ukraine.

Benzinga

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Scott Bessent Drafting Supreme Court Brief To Uphold Trump Tariffs, Warns US Economy Near 'Tipping Point'

Treasury Secretary Scott Bessent has revealed plans to prepare a defense of the Trump administration’s tariffs. This move is in anticipation of a potential Supreme Court ruling on the legality of these tariffs.

Benzinga

Who's Eligible For Trump's 'No Tax On Tips'? Treasury Department Unveils List Of Over 60 Jobs: Report

The U.S. Treasury Department has unveiled a list of 68 jobs that reportedly qualify for a new tax deduction under the “no tax on tips” pledge in President Donald Trump‘s “big, beautiful bill.”

Benzinga

Putin claims he never opposed EU membership for Ukraine but draws line at Nato – as it happened

Russian leader, continuing China visit, is joined by Slovakia’s Robert Fico

The Guardian - UK

Trump's Tariffs 'Shredded' Decades Of West's Efforts To Wean India Away From Moscow, Says John Bolton

Former national security adviser John Bolton sharply criticized President Donald Trump's tariff strategy on Monday, arguing it has undermined decades of Western efforts to draw India closer and counter China's rise.

Benzinga

Ukraine-Russia war latest: Trump ‘very disappointed’ with Putin as Kremlin accused of building up forces on frontline

Putin also claimed Moscow has never opposed Ukraine's potential membership of the European Union

The Independent UK

Trump Administration Tells American Workers: 'We Fight For You' — Obama, Bessent And Others Flood Social Media With Labor Day Posts

Political leaders marked Labor Day 2025 with messages honoring American workers, while massive demonstrations in more than 900 cities highlighted tensions over tariffs, inequality and the policies of the Donald Trump administration.

Benzinga

Trump news at a glance: Bessent says markets not worried by Fed interference as Lagarde warns of ‘danger’

European Central Bank president Christine Lagarde says Trump undermining Federal Reserve could impact global economy. Key US politics stories from Monday 1 September

The Guardian - US

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Benzinga

Trump Administration Weighs National Housing Emergency As Costs Bite

Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall, reviving a measure last used during the 2008 financial crisis as affordability concerns mount and Republicans prepare for the 2026 midterms.

The Independent UK

Trump aides scramble to defend tariffs after bombshell court ruling – and as crucial jobs report looms

Trump claims the tariffs generate revenue even as the economy has shown signs that they will increase prices for consumers

Benzinga

Scott Bessent Worries About A Lot Of Things But The Indian Rupee Emerging As A BRICS Rival To Dollar Isn't One Of Them: Here's Why

U.S. Treasury Secretary Scott Bessent isn’t losing sleep over the Indian Rupee challenging the U.S. Dollar’s dominance as a global reserve currency.

The Independent UK

Trump team has fined immigrants who didn’t self-deport $6 billion — and now it’s coming to collect

Department of Homeland Security threatens lawsuits and massive tax bills to collect balances ‘owed’ by thousands of immigrants

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Benzinga

Scott Bessent Says Acquiring Stake In Nvidia 'Not On The Table,' Hints Shipbuilding Sector Could Be Next

Treasury Secretary Scott Bessent explained that the Trump administration prioritizes building assets for Americans over accumulating debt, outlining the rationale for the government acquiring stakes in private companies.

Benzinga

Stablecoins Could Grow To $34 Trillion Market, Arthur Hayes Says

Arthur Hayes, co-founder of BitMEX, says dollar-pegged stablecoins could become a central tool for U.S. monetary policy, absorbing trillions in offshore deposits and reshaping global finance.

The Independent UK

Treasury Secretary quashes hopes that Americans will get rebate checks from tariffs

Bessent says debt, not rebate checks, will be administration’s priority for tariff revenue as prices rise for Americans

Benzinga

Goldman Sachs Projects Stablecoin Market Could Reach Trillions

Goldman Sachs (NYSE:GS) expects the global stablecoin market to expand into the trillions of dollars in the coming years, a forecast that underscores Treasury Secretary Scott Bessent's efforts to position the sector as a major buyer of US government debt.

Al Jazeera

Did Trump’s tariff war force India and China to mend ties?

China and India have agreed to resume trade ties and move towards resolving their longstanding border dispute.

Benzinga

Scott Bessent Clarifies Why Trump Penalized India, Not China, Over Russian Oil Purchase—'Indian Arbitrage...Unacceptable'

Treasury Secretary Scott Bessent explained the differential treatment in tariffs on India and China, despite both the countries buying Russian oil.

Fortune

Goldman Sachs says we’re on the verge of a stablecoin gold rush worth trillions

U.S. Treasury Secretary Scott Bessent believes stablecoins will buoy the market for U.S. Treasuries, and the government will sell more short-term debt to meet that demand.

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