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The Latest Breaking News from Scott Bessent

Leaked texts on Scott Bessent's phone suggest the White House got played bailing out Argentina—and U.S. soybean farmers are the casualties

“This is highly unfortunate,” the text said. “Soy prices are dropping further because of it. This gives China more leverage on us.”

Fortune

U.S. Aims to Halve Reliance on Taiwan for Advanced Chips, Commerce Secretary Says

Officials from the Trump administration say the goal is for the U.S. and its allies to produce up to 50% of the advanced semiconductors it needs, citing national security risks

Caixin Global

The U.S. and U.K. are aligning on blockchain—and that is good for the world economy

In an opinion piece, the head of cryptocurrency exchange OKX explains why the US and UK could be poised to explain their longtime dominance of the financial sphere.

Fortune

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Why Trump is backing Argentina’s Thatcherite economics

While Javier Milei’s shock therapy to tame inflation has won support from Washington and the IMF, ordinary Argentinians seem less impressed

The Guardian - UK

U.S. Treasury Secretary calls Taiwan 'world's biggest single point of failure' — Lion's share of advanced chips are made in Taiwan

U.S. Treasury Secretary Scott Bessent warned that Taiwan's near-total dominance in advanced chip production poses a critical threat to global stability, urging urgent redistribution of manufacturing to the U.S. and allied nations.

Tom’s Hardware

Scott Bessent Says Trump Is Right To Question The UN Because He Is Solution Driven: 'That's What Real Leadership Looks Like'

Treasury Secretary Scott Bessent on Thursday praised President Donald Trump as "solution-driven" and said the president was right to call out the United Nations' shortcomings on immigration, energy and the economy.

Benzinga

‘The frustration is overwhelming’: Soybean farmers feel betrayed as Argentina blows a hole in rural America’s $47 billion soybean bonanza

China will reportedly buy at least 10 cargoes of Argentine soybeans, further jeopardizing the U.S. export market, even as Argentina gobbles up Trump support.

Fortune

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Scott Bessent tells NYC to ‘drop dead’ while he arranges a $20B swap line for Argentina’s chain-saw-wielding, dog-cloning president

The Treasury Secretary looks at New York and sees a replay of the 1970s. He looks at Trump’s ally in Argentina and sees someone in need of rescue.

Fortune

Gift to Trump

Plus: Robert Munsch chooses Canadian healthcare, Argentina in trouble, ignoring Greta, and more...

Reason

Bessent says New York can ‘drop dead’ if it elects Mamdani and ever needs a bailout

Bessent seemed determined to drive his warning home: “You can’t enact policies like this and expect to be bailed out.”

Fortune

Stocks Slip Before the Open With Focus on U.S. Economic Data and Fed Speak

December S&P 500 E-Mini futures (ESZ25) are down -0.06%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.12% this morning as investors await a fresh batch of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from bulk retailer Costco.

Barchart

Trump's $350 Billion Trade Deal With South Korea Faces Pushback: President Lee Demands 'Commercially Rational' Terms

South Korean President Lee Jae Myung is pushing back on the terms of a proposed $350 billion trade and investment deal with the United States, which it had initially agreed to with President Donald Trump in July, saying that any agreement must be “commercially rational” and reflect the interests of…

Benzinga

Why Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help

President Donald Trump vowed to help out his Argentine counterpart Javier Milei on Sept. 23, 2025, a day after the U.S. administration said “all options” were on the table in regard to a bailout for the Latin American country’s rocky economy.

The Conversation

The Latest: 3 people shot at a Dallas ICE facility and the shooter is dead, official says

Federal authorities have reported a shooting at a U.S. Immigration and Customs Enforcement facility in Dallas

The Independent UK

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International Business Times

US Treasury Says In Talks To Support Argentina's Central Bank

US Treasury Secretary Scott Bessent said Wednesday that Washington is in talks with Argentina for a swap line allowing the country access to billions of dollars, as its right-wing leader Javier Milei seeks to calm markets ahead of midterm elections.

International Business Times

'We're Gonna Help': Trump To The Rescue Of Struggling Argentina

US President Donald Trump promised financial "help" for struggling Argentina in a meeting with close ally Javier Milei, who is seeking a US loan to calm markets ahead of crucial mid-terms elections.

Al Jazeera

US pledges to do ‘what is needed’ to support Argentina’s economy

Treasury secretary says US considering measures to stabilise Latin American country amid asset selloff.

International Business Times

US Mulls Economic Lifeline For Ally Argentina

The US Treasury said Monday it stood ready to "do what is needed" to support Argentina's economy, as President Javier Milei battles to calm jittery financial markets.

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Benzinga

TikTok Algorithm To Be 'Controlled By America' As US Nears Majority Stake In Landmark Split Deal

On Saturday, the White House said a long-awaited agreement on TikTok would hand Americans control of the app's powerful algorithm and place the platform under a U.S.-led board.

Euronews

Donald Trump and Xi Jinping set to discuss TikTok deal and US-China trade relations

“I’m speaking with President Xi, as you know, on Friday, having to do with TikTok and also trade,” Trump said Thursday. “And we’re very close to deals on all of it.”

Evening Standard

Trump confused Armenia with Albania and claimed not to know Mandelson

The US president appeared alongside Prime Minister Sir Keir Starmer at Chequers for a press conference to round off his state visit to Britain.

International Business Times

IMF Proposes US Treasury Official As Second-in-command

The IMF has proposed appointing the US Treasury Department's chief of staff as its new number-two official, the Washington-based lender said Thursday.

The Guardian - UK

Who sat next to whom at Trump’s Windsor banquet – and what does it tell us?

US president was next to Princess of Wales while Rupert Murdoch had the ear of Starmer’s chief of staff

Euronews

Trump extends TikTok shutdown deadline for fourth time after reaching framework deal with China

US President Donald Trump postponed federal law to ban social media platform TikTok while American and Chinese officials iron out a framework deal.

Benzinga

Why Bessent's Tariff Talk Puts Dollar-Sensitive Stocks On Edge

Stanley Druckenmiller's protégé, Treasury Secretary Scott Bessent, is stirring fresh debate on Wall Street with his latest read on tariffs and trade in a CNBC Squawk Box interview. At first glance, a narrowing U.S. trade deficit with China looks like a policy win, but Bessent warns it could have unintended…

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