The Latest Breaking News from Scott Bessent

Weaker-than-expected consumer inflation data wasn't enough to stabilize sentiment during another volatile day for financial markets.

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year

Washington has criticised Spain's outreach to China with Treasury Secretary Scott Bessent saying cosying up to Beijing is like 'cutting your own throat.'

There were no deals. There were no wins. There was no plan.

The president said he was acting ‘instinctively’ after announcing the surprise 180 on Wednesday. However multiple sources said that the build up to the decision was drawn out over a number of days

Direct File was piloted last year in 12 states and has since expanded to 25. But some wonder whether the program will last under the Trump administration.

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

Plus: Theories to explain Trump's behavior, the radium girls, university investigations, and more...

The US President put a 90-day pause on his exorbitant tariffs because investors were ‘getting yippie’ over US Treasury sell-offs

In today’s newsletter: White House officials send mixed messages over Trump’s stunning U-turn

Donald Trump has hit pause on his global tariff spree — for 90 days, at least. But don’t mistake this for a full-on retreat. Think of it more like an intermission in a chaotic play where everyone’s still yelling at each other backstage. Let’s break down why Trump made this…