The Latest Breaking News from Scott Bessent

Trump administration disbands Task Force KleptoCapture, shifts focus to combat TCOs and fentanyl trafficking, and revises FARA enforcement strategy.

The lawsuit names President Donald Trump, along with Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and their departments as defendants.

U.S. Treasury sanctions network aiding Iranian oil shipments to China, targeting individuals and entities.

Scott Bessent said the president is instead focused on 10-year Treasury Bond yields.

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.

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

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.

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

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.