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The Latest Breaking News from Scott Bessent

Senate Confirms Wall Street Billionaire Howard Lutnick As Commerce Secretary

Lutnick's role will be crucial in overseeing President Trump's economic agenda.

International Business Times

IRS reportedly preparing to give Musk’s Doge agency access to taxpayer data

US agency reviewing request for access to classified system containing personal financial records of US taxpayers

The Guardian - US

Trump policies make US ‘scary place to invest’ and risk stagflation, says Stiglitz

Uncertainty created by tariffs and contempt for rule of law will deter investment, says top economist

The Guardian - UK

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read the most diverse news in one place.

Forget Trump’s tariffs, the president’s bond market threat is worse

Elon Musk’s crazed takeover of America’s financial plumbing risks shattering confidence in US institutions and in turn global financial stability

The Guardian - UK

Ukraine war briefing: Nothing about Ukraine without Ukraine, say European ministers

If we can’t join Nato we must build our own, says Zelenskyy; Russian trial begins over explosion that crippled Kerch bridge. What we know on day 1,086

The Guardian - AU

Trump wants lower interest rates, but inflation data came in hot

Wall Street is reckoning with the possibility the Federal Reserve will stand down on rate cuts this year.

Fortune

DOGE staffer accused of racist posts was ‘mistakenly’ given power to alter federal payments system

Marko Elez resigned from DOGE after unearthing of racist social media posts

The Independent UK

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Trump's choice to lead CFPB, McKernan, left FDIC Monday - Roll Call

President Donald Trump chose a former FDIC board member to lead the CFPB, an indication that he may not want to dismantle the agency.

Roll Call

Trump Revives Call For Interest Rate Cuts, Inflation Data Makes That Unlikely

Trump has seemed to flip-flopped on interest rates since taking office.

International Business Times

Russia-Ukraine war: List of key events – day 1,084

Here are the key developments on the 1,084th day of Russia’s full-scale invasion of Ukraine.

Al Jazeera

US Treasury Secretary To Discuss Critical Minerals In Ukraine

US Treasury Secretary to discuss Ukraine's critical mineral deposits with officials as President Trump eyes access in exchange for aid. President Zelensky ...

Top News

U.S. gold reserves could add $750 billion to Treasury overnight

Treasury Secretary Scott Bessent recently pledged to “monetize” the U.S. government’s assets.

Fortune

How a Stronger U.S. Dollar Could Counter Tariff Inflation

President Trump's tariffs may fan inflationary flames, but a rising U.S. dollar can help mitigate some of the pain as it remains the flight to safety currency.

MarketBeat

What is Doge? The US government department headed up by Elon Musk

Just what is Elon Musk's DOGE initiative and what are the implications for US government agencies?

Evening Standard

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Salon

Musk staffer lands top Treasury gig

Tom Krause, a former executive involved in Elon Musk's DOGE, is the new financial assistant secretary at the Treasury

The Guardian - UK

What do Trump’s tariffs mean for US-China trade?

The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new deal

Roll Call

Trump gives DOGE new marching orders as Japan’s Ishiba tries a little flattery - Roll Call

President Trump was praised by his Japanese counterpart Friday as he handed out new marching orders to Elon Musk and his DOGE team.

Top News

Trump Administration Disbands Programs Targeting Russian Oligarchs And Influence

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

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International Business Times

USAID Unions Sue Trump Administration, Citing 'Unconstitutional Actions'

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

Top News

Treasury Secretary's New Plan To Lower Interest Rates

Treasury Secretary Bessent introduces a new strategy to target long-term interest rates, distinct from the Federal Reserve's typical approach. President Tr...

Top News

Senate Democrats Demand Meeting With Treasury Secretary Over Elon Musk

Senate Democrats demand meeting with Treasury Secretary over Elon Musk's access to federal payment systems, raising concerns and prompting alarm among offi...

International Business Times

Judge Pauses Musk Plan For Mass Cull Of US Govt Workers

The federal judge in Massachusetts ordered a temporary injunction on the plan's deadline -- midnight Thursday -- given by Musk for the country's more than two million government employees. The offer was to quit with eight months' pay or risk being fired in future culls.

Kiplinger

Stock Market Today: Investors Respond to the Usual Uncertainty

Stocks surged late but the major indexes closed mixed as the search for market leadership continues.

Top News

US Treasury Imposes Sanctions On Iranian Oil Shipment Network

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

International Business Times

Treasury Secretary Says Trump Is Not 'Calling For The Fed To Lower Rates'

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

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