The Latest Breaking News from Scott Bessent

Hedge funds typically profit handsomely from the $1 trillion “basis trade,” but the Federal Reserve could be forced to step in as yields surge.

The three-month pause comes after trillions evaporated from the stock market over the course of a market-melting start to the week.

US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.

While the billionaires in Trump's orbit may have different visions, they all want the same thing

President Donald Trump's tariffs been paused for some countries, and we're bringing you live updates on the impact across the tech world.

The Internal Revenue Service has agreed to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S. That's according to a document signed by Treasury Secretary Scott Bessent and Department of Homeland Security Secretary Kristi Noem

“Trying to negotiate individual trade agreements with 70 (or more) countries is difficult and will take time,” a research fellow for a libertarian think tank said.

Beijing vows to ‘fight to the end’ as president claims ‘many’ countries are seeking a deal with US

Scott Bessent defended Trump's approach to global trade talks, insisting the stock market's recent plunge had nothing to do with ongoing tariff negotiations.