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The Latest Breaking News from Scott Bessent

Trump’s tariff threats keep European stocks on back foot

Beazley was the FTSE’s star blue-chip performer surging 43% after Zurich Insurance said it has tabled a £7.7-bn bid for the London-listed insurer.

Evening Standard

Davos sneak peek: Trump, Bessent bring American bravado to world stage

Trump administration officials plan to focus on economic growth, home ownership and peace through strength.

Axios

Today's Words of Wisdom

Treasury Secretary Scott Bessent's brilliant - irrefutable! - defense of the President's emergency powers.

Reason

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Trump is sending funds from Venezuela oil to a bank in Qatar: report

Senior officials claim Gulf state provides neutral location to store proceeds from which they can be moved safely and without risk of seizure

The Independent UK

Rural America is getting a bailout, but not from Trump—billionaires are riding to the rescue

It's not just MacKenzie Scott who's giving back to American communities.

Fortune

Bessent unhappy with Justice Department’s criminal probe into Jerome Powell: report

Scott Bessent believes the Department of Justice has ‘made a mess’ with its unprecedented investigation into the Fed chair, according to insiders

The Independent UK

Trump Hints $2,000 Tariff Rebate Cheques Could Land 'Toward Year-End' — Family Relief

Trump hints that £1,600 ($2,000) tariff rebate cheques may arrive by the end of 2026, though Treasury Secretary Scott Bessent warns legal hurdles could delay payouts.

International Business Times UK

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Trump hints at when you can expect a $2,000 tariff check - but be prepared to wait

Trump has repeatedly floated the idea of giving cash to Americans, which he claimed is possible due to revenue generated from his trade tariffs

The Independent UK

Scoop: Bessent told Trump that investigation of Fed chair creates a "mess"

"The secretary isn't happy, and he let the president know," one source familiar with Bessent's call to Trump told Axios.

Axios

US treasury secretary says Argentina has repaid its US credit line in a win for Milei

U.S. Treasury Secretary Scott Bessent says that Argentina has repaid the funds it drew from a $20 billion credit line with the Trump administration

The Independent UK

US will be exempt from global tax deal targeting profits of large multinationals

Agreement finalised by the OECD waters down a landmark 2021 deal that set a minimum global corporate tax of 15%

The Guardian - AU

Under Biden, America got 150 countries to agree a 15% global corporate tax. Under Trump, America gets an exemption

Scott Bessent called it “a historic victory in preserving U.S. sovereignty and protecting American workers and businesses from extraterritorial overreach."

Fortune

US imposes sanctions on 4 Venezuelan oil firms and 4 more tankers in Maduro crackdown

The U.S. has imposed sanctions on four firms in Venezuela's oil sector and designated four additional oil tankers as blocked property

The Independent UK

Americans Could See Tax Refunds Up to $2,000 in 2026 Under Trump's 'One Big Beautiful Bill,' Treasury Says

Treasury Secretary Scott Bessent says Trump's One Big Beautiful Bill could give households up to £1,600 ($2,000) in tax refunds by early 2026, with billions returning via retroactive code changes.

International Business Times UK

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Fortune

No one’s happier about calls for a ‘back-seat’ Fed than Fed insiders who were targeted by the White House this year

“How much can truly change under a single administration?” I asked one source. “Three years is a long time yet,” came the response.

International Business Times

Treasury Secretary Bessent 'Shamed In Public' While Eating Out For 'Economic Warfare' Sanctions

Treasury Secretary Scott Bessent was publicly heckled at a D.C. restaurant over the Trump administration's sanctions policies, highlighting growing domestic controversy over economic warfare and humanitarian impact.

International Business Times

Venezuelan President Nicolas Maduro's Family Hit With US Sanctions Amid Corruption Crackdown

The US sanctions Nicolas Maduro's family members, escalating pressure on Venezuela's regime amid corruption and drug trafficking allegations.

Reason

Firings, and Tariffs, and Trump, Oh My!

Justices Barrett and Kavanaugh are still chewing over Justice Gorsuch's questions from the tariffs case.

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Fortune

Trump says $1,776 'warrior dividends' were made possible partly by tariff revenue, which still lags $100 billion behind what the White House expected

The one-time check to military personnel will cost the administration $2.6 billion.

Fortune

The American voter is angry about one thing above all and Trump's tariffs are in the crossfire, Goldman's chief political economist says

Cost of living is the issue driving the midterms. Trump calls affordability a "hoax" when Democrats say it, but his tariff regime is showing cracks.

The Independent UK

Billionaire Ray Dalio joins push to fund Trump Accounts, pledging $75 million to Connecticut kids

The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday in part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program

The Independent UK

Trump continues to dangle $2,000 checks for Americans as tariff rebates - but will they happen in 2026?

Future of $2,000 tariff rebate checks likely lies with the Supreme Court which will soon decide if the president can impose sweeping tariffs

Roll Call

New year, same problems for Trump with control of Congress on the line

President Trump is poised to head into the new year facing some new political headwinds as Republicans look to hang onto control of Congress.

Fortune

Scott Bessent said Trump could announce a new Fed chair 'before Christmas': Here's what you need to know about the leading candidates

What to know about Fed candidates Kevin Hassett, Kevin Warsh, Chris Waller and Rick Rieder.

Axios

Trump's article of faith: Economy will soar in '26

Trump's bullish belief is key to understanding why he's so reluctant to say there's an "affordability crisis."

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