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The Latest Breaking News from Scott Bessent

Trump proposes $2,000 payments to most Americans to highlight benefits of tariffs

US President Donald Trump has proposed issuing payments of at least $2,000 to all Americans, apart from those in high-income brackets, saying the move would highlight the benefits of his tariff policy.

Euronews

Trump just announced $2000 ‘tariff dividends’ for everyone, but Scott Bessent accidentally proved it’s never coming

Donald Trump just promised all “non–high–income” Americans $2,000 tariff dividends. But his own Treasury Secretary immediately translated that into…maybe some tax tweaks. Translation: the checks aren’t coming, much like those mythical $5,000 DOGE rebates.

The Mary Sue

Trump Teases $2,000 Tariff Dividend but Rich People Not Included

POTUS Trump is considering a $2,000 tariff dividend for Americans, excluding the wealthy, amid rising tariff revenues and ongoing trade negotiations.

International Business Times UK

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Trump Says Every American Will Receive 'At Least' $2,000 From Tariffs; Scott Bessent Has This To Say On How It Will Reach People

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.

Benzinga

Scott Bessent Says No 'Formal Proposal' Yet From Trump On Plan To Scrap Obamacare As President Pushes For Direct Payments

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."

Benzinga

Trump promises a $2,000 tariff 'dividend' that Treasury secretary says could come via tax cuts already signed into law

"The $2,000 dividend could come in lots of forms, in lots of ways," Bessent said.

Fortune

Tariffs aren't meant for revenue and will shrink over time, Bessent says

The president frequently talks about plans to spend tariff revenue.

Axios

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Jensen Huang confirms there are no plans to ship Blackwell GPUs to China right now, chipmaker at Beijing's mercy — Nvidia CEO says shipments haven't been approved by Chinese authorities

After President Trump and U.S. Treasury Secretary Scott Bessent reiterated that Nvidia will be barred from selling its most advanced chips to China, Jensen Huang has now confirmed that there are currently no active discussions on the matter. In fact, Nvidia also requires authorization from China itself before it can…

Tom’s Hardware

Donald Trump's Global Tariffs Face Collapse as US Supreme Court Questions His Power to Tax the World

The Supreme Court appeared poised to strike down Trump's sweeping global tariffs, with justices across the ideological spectrum questioning his authority. A loss could trigger up to $800 billion in refunds to US companies.

International Business Times UK

Colombian President Petro Slams Trump Over Sanctions: 'Profoundly Rude And An Insult To The Nation'

Colombian President Gustavo Petro again slammed U.S. counterpart Donald Trump over the sanctions against him and his family, saying they are "not only profoundly rude, but an insult to the Colombian nation, a humiliation."

Latin Times

Scott Bessent Calls Elon Musk 'One of The Great Entrepreneurs' of This Generation: Says $1 Trillion Pay Package Is For 'Shareholders To Decide'

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.

Benzinga

Echoing Trump's sentiments, America's finance chief Bessent says the most advanced AI GPUs are restricted to home soil - China can have Blackwell chips once they're outdated

The U.S. Secretary of Treasury Scott Bessent has highlighted a potential future where China could get its hands on Nvidia's current-gen flagship AI chips... when they're no longer the current-gen flagships. Washington is considering letting Nvidia sell Blackwell chips to China once they're outdated by at least a year or…

Tom’s Hardware

Even if the Supreme Court rejects Trump’s tariffs, his staff is working on backup plans to keep charging for imports

Several small businesses have sued the president for his sweeping tariffs, claiming they negatively impact business and defy Congress’s authority

The Independent UK

Trump administration will provide half of usual funds to Snap recipients in November

Contingency funds will keep benefits going for nearly 42 million people in the food assistance program, says Trump

The Guardian - US

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The Conversation

Milei’s win should lock in financial backing from Trump. But at what cost to Argentinians?

In late October Argentina’s president, Javier Milei, won a decisive victory in the country’s midterm elections. The scale of the result caught most political commentators off-guard. It now gives the president the legislative capacity to push through his much touted programme of labour and tax reforms.

Benzinga

Scott Bessent Says SNAP Benefits 'Could Be' Restored On Wednesday, As Trump Admin Awaits Legal Clarity

Treasury Secretary Scott Bessent suggested that the Trump administration would need court guidance to disburse emergency funds for the Supplemental Nutrition Assistance Program (SNAP) benefits.

The Independent UK

The US government shutdown rattles into a new month as Trump dig his heels in

The government shutdown is set to become the longest ever this week

Axios

"Most important case ever": Supreme Court to decide fate of Trump's tariffs

The consequences of this case will far transcend simple duties on imports.

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Benzinga

Scott Bessent Admits Parts Of US Economy Are In Recession, Says Overall Still In 'Good Shape'

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.

Benzinga

Elizabeth Warren Questions How Trump Argentina Deal Puts 'America First'

Sen. Elizabeth Warren (D-Mass.) on Sunday challenged President Donald Trump's decision to extend a $20 billion currency swap to stabilize Argentina's peso, asking how the move squares with "America First" as a U.S. government shutdown persists and living costs rise.

The Independent UK

SNAP benefit delays could mean millions go hungry - despite Americans wasting almost $400 billion of food a year

As SNAP benefits lapse, a startling statistic reveals that the U.S. risks wasting billions of dollars in food every year

The Independent UK

‘That’s harsh’: CNN’s Tapper taken aback by Treasury boss Bessent’s Blue Jays dig after epic World Series Game 7 loss

Scott Bessent poked fun at Ontario Premier Doug Ford after the Blue Jay’s dramatic loss in Game 7 of the World Series

Fortune

Bessent points to China’s rare earths restrictions to justify Trump tariffs as Supreme Court to hear arguments about emergency powers

“The president was able to push back using his IEEPA powers. If that’s not use of an emergency power at an emergency time, I don’t know what it is.”

Axios

Bessent says SNAP payments "could be" made this week

It's unclear when millions of families will receive their aid.

Axios

Bessent: U.S. faces broader recession risk without more Fed cuts

The Fed signaled the next rate cut isn't a sure thing

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