The Latest Breaking News from Scott Bessent

December S&P 500 E-Mini futures (ESZ25) are up +0.92%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +1.39% this morning as optimism that lawmakers are nearing a deal to end the longest government shutdown in U.S. history boosted sentiment.

Economist Peter Schiff issued a stark warning against President Donald Trump‘s proposal for a “$2,000-per-person tariff dividend,” arguing the plan is economically self-defeating and would “defeat the very purpose of the tariffs.”

US President Donald Trump has proposed issuing payments of at least $2,000 to all Americans, apart from those in high-income brackets, saying the move would highlight the benefits of his tariff policy.

Donald Trump just promised all “non–high–income” Americans $2,000 tariff dividends. But his own Treasury Secretary immediately translated that into…maybe some tax tweaks. Translation: the checks aren’t coming, much like those mythical $5,000 DOGE rebates.

POTUS Trump is considering a $2,000 tariff dividend for Americans, excluding the wealthy, amid rising tariff revenues and ongoing trade negotiations.

President Donald Trump said on Sunday that every American will receive at least $2,000 funded by U.S. tariff revenues, even as his own Treasury secretary Scott Bessent suggested any dividend may arrive through other means rather than checks in the mail.

Treasury Secretary Scott Bessent said on Sunday that he has not seen any formal plan from the White House to replace the Affordable Care Act or Obamacare, even as President Donald Trump urges Republicans to scrap the law and redirect its funding "into the pockets of the American people."

"The $2,000 dividend could come in lots of forms, in lots of ways," Bessent said.

The president frequently talks about plans to spend tariff revenue.

After President Trump and U.S. Treasury Secretary Scott Bessent reiterated that Nvidia will be barred from selling its most advanced chips to China, Jensen Huang has now confirmed that there are currently no active discussions on the matter. In fact, Nvidia also requires authorization from China itself before it can…

The Supreme Court appeared poised to strike down Trump's sweeping global tariffs, with justices across the ideological spectrum questioning his authority. A loss could trigger up to $800 billion in refunds to US companies.