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The Latest Breaking News from Scott Bessent

Wall Street braces for Trump’s April 2 tariff deadline—it foresees 18% EU import duties and a 43% chance of a U.S. recession

Analysts expect tariffs on the EU, a key trading partner for the U.S., to settle at around 18% as recession expectations hit more than 40%.

Fortune

Fox host complains that plunging stock market and recession fears are a ‘media creation’

‘The media has gone to war with President Trump to make tariffs the scariest thing in the world,’ Charles Payne fumed on Tuesday

The Independent UK

Bessent Says Nations May Avoid US Reciprocal Tariffs By Halting Unfair Barriers

US Treasury Secretary Scott Bessent on Tuesday said Washington could hold off reciprocal tariffs for countries that halt practices it deems unfair, adding that officials will produce a list of levies on April 2.

International Business Times

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Scott Bessent says he's not worried about the stock market's 'healthy correction,' insisting the Trump administration is only trying to avoid an even bigger financial crisis

The stock market saw its first correction since 2023 last week.

Fortune

The economy was always Trump’s strength. Polls show it might be cracking

ANALYSIS: Analysis: Americans voted for Trump because they believed he would lower prices and the cost of living. New surveys show people are losing their faith that he’ll accomplish that

The Independent UK

Stocks Set to Open Lower as Investors Digest Bessent’s Remarks, Fed Meeting in Focus

March S&P 500 E-Mini futures (ESH25) are down -0.47%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.48% this morning, pointing to a red opening on Wall Street after U.S. Treasury Secretary Scott Bessent characterized the market’s recent slump as healthy.

Barchart

MAGA runs defense against recession talk

Economic uncertainty is on the horizon. Trump's die-hard supporters fanned out to ask if that's such a bad thing

Salon

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Toast’s Unusual Options Activity Reveals Obvious Straddle. Is the Play Long or Short?

The restaurant software provider had two unusually active options in Thursday trading. The call and put expiring in June are an obvious straddle. With the stock down 17% in the past month, is the play long or short?

Barchart

Why lowering the yield on 10-year bonds is more important to Trump than the stock market or interest rates

Roughly six in 10 U.S. adults report owning stock, but nearly 80% of American households have some type of debt.

Fortune

Scott Bessent says the U.S. economy is detoxing but that doesn't mean there will be a recession: 'I'm not concerned about a little bit of volatility over three weeks'

The Treasury secretary echoed recent statements from President Donald Trump and Vice President JD Vance.

Fortune

Democrat Urges Treasury To Block Trump's Bitcoin Reserve, Blasts 'Get Rich Quick Scheme'

A top Democrat has urged the Treasury Department to not push through with President Donald Trump's plans to establish a strategic Bitcoin reserve, saying it's just a new "scheme" for the president and his associates to benefit from.

International Business Times

S&P 500 falls more than 10% below recent high as markets rattled by Trump

Key US stock index slides into correction territory as president’s trade wars cause Wall Street volatility

The Guardian - US

Stocks tank and egg prices soar under Trump

Once again, the American economy is under the gun and under a microscope

The Guardian - US

Larry Summers says there is a real possibility of a recession, which he calls the result of a ‘self-inflicted wound’

President Donald Trump and Treasury Secretary Scott Bessent have suggested an economic downturn on the back of tariffs would be a transition period. Larry Summers, a former Treasury secretary, thinks otherwise.

Fortune

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Salon

Stocks slump as trade war grows

The Dow fell more than 400 points on Tuesday as Trump announced he would increase tariffs on Canada

Fortune

'Cheap goods' aren’t part of the American Dream, Trump's treasury secretary says

In a recent speech, Scott Bessent threw more cold water on a Trump campaign promise to lower the cost of living.

The Independent UK

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending

President Donald Trump's flurry of tariffs, government layoffs and spending freezes may be doing more to harm the U.S. economy than to fix it

The Independent UK

Trump Treasury secretary says economy slowdown just ‘detox’ as government spending switches to private sector

Donald Trump’s new Treasury secretary blew off the apparent slowdown in the nation’s economy as nothing more than “detox” as government spending switches to the private sector.

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news in one place.

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Fortune

Markets head for worst week of 2025 amid Trump tariff uncertainty

A weaker-than-expected jobs report suggests trade policy and DOGE cuts could be weighing on hiring, including in the private sector.

Fortune

Treasury Secretary Scott Bessent says the economy may slow as part of a ‘detox’ from government spending

Bessent said employment should come from private companies, not the federal government.

Reason

Possible Travel Bans Coming

Plus: The Trump administration's American dream revisionism, 50 theses on DOGE, what people get wrong about extreme MAGA, and more...

The Independent UK

Trump’s Treasury Secretary claims cheap goods are ‘not the essence of the American Dream’

‘The American Dream is rooted in the concept that any citizen can achieve prosperity,’ Treasury Secretary Scott Bessent said

The Guardian - US

Cheap goods ‘not essence of American dream’, Trump official says amid tariff price fears

Treasury secretary Scott Bessent defends the new administration’s aggressive trade strategy

Fortune

In a win for Silicon Valley, Senate votes to overturn key payments regulation that could benefit Elon Musk’s X

The rule was enacted under the Biden administration’s Consumer Financial Protection Bureau last November.

Roll Call

Warren puts Treasury nominee on the spot ahead of hearing - Roll Call

Sen. Elizabeth Warren is pressing Treasury nominee for answers about his oversight of the pandemic-era Paycheck Protection Program.

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