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The Latest Breaking News from Scott Bessent

Stocks Muted Before the Open With Focus on U.S. Economic Data and Amazon Earnings

March S&P 500 E-Mini futures (ESH25) are up +0.05%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.08% this morning as investors awaited a new round of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from “Magnificent Seven” member Amazon.

Barchart

Why does Trump want a US sovereign wealth fund?

Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.

Al Jazeera

US Treasury Says Musk Team Has 'Read-only' Access To Payments Data

The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.

International Business Times

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Medical debt reforms threatened by Trump pause on new regulations

Treasury secretary paused all work at Consumer Financial Protection Bureau, agency that was enacting reform

The Guardian - US

Treasury Faces Legal Challenge Over Data-Sharing Deal With Musk's DOGE

The lawsuit, filed in federal court in Washington, followed reports that Treasury Secretary Scott Bessent authorized the data-sharing arrangement with Elon Musk-led DOGE, last weekend.

International Business Times

What is a sovereign wealth fund and why is Trump creating one now?

Designed to invest in the national interest, sovereign wealth funds are typically funded by countries rich in natural resources and it is unclear how a US fund would operate or be financed

The Guardian - AU

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

Consumer Financial Protection Bureau has been a target of Republicans for years

The Independent UK

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Trump Orders Creation Of Sovereign Wealth Fund, Says It Could Be Used For TikTok Deal

President Trump ordered the creation of a sovereign wealth fund he said could facilitate a TikTok deal.

Investors Business Daily

Consumer agency is latest Trump purge

Treasury Secretary Scott Bessent has begun freezing work at the federal agency

Salon

Why Musk's access to the Treasury payment system is so dangerous

Critics sound the alarm after Musk and DOGE allies ‘given access’ to internal Treasury payment system

The Independent UK

Trump orders creation of US sovereign wealth fund, says it could own part of TikTok

President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer

The Independent UK

Executive order would establish US sovereign wealth fund - Roll Call

President Donald Trump signed an executive order Monday to begin the process of creating what would be the first U.S. sovereign wealth fund.

Roll Call

Trump Orders Creation Of Sovereign Wealth Fund And Says It Could Purchase TikTok

President Donald Trump is directing the United States to develop a government-owned investment fund.

International Business Times

Trump signs order to create sovereign wealth fund that could buy TikTok

President decrees US treasury and commerce departments to create fund after delaying ban of ByteDance-owned app

The Guardian - US

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Top News

Sen. Warren Demands Explanation On Elon Musk's Access To Federal Systems

Senator Elizabeth Warren raises concerns about Elon Musk's access to federal payment systems and calls for transparency and accountability in addressing po...

Roll Call

Chopra's CFPB exit comes as lawmakers mull changes to its structure - Roll Call

The departure of the CFPB director comes as congressional Republicans look at changes to the agency and Democrats defend it.

The Guardian - US

Elon Musk’s Doge team granted ‘full access’ to federal payment system

Trump’s treasury secretary gives the world’s richest person entry to one of the most sensitive US government databases

Latin Times

Elon Musk's DOGE Gains Access to Treasury Data, Including Social Security and Medicare Payments

Elon Musk's department now has control over government-provided benefits, including Social Security, Medicare, SNAP, unemployment and more.

Roll Call

Bipartisan Senate duo wants to tax more companies out of Russia - Roll Call

Senate Finance Committee members will introduce legislation to stop companies from deducting or claiming credits on taxes paid to Russia.

Salon

Bessent confirmed as treasury secretary

Bessent is one of 13 billionaires tapped to join Trump's administration

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