The Latest Breaking News from Scott Bessent

Billionaire Scott Bessent dismisses concerns about president’s levies and predicts ‘acceleration’ in US economy

US Treasury Scott Bessent says tougher sanctions can bring Russian economy to ‘full collapse.’

"Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero job growth."

"This alone would raise further concerns about the fiscal outlook and likely push bond yields higher."

The government's own data says inflation's up and the job market's weakening, but Bessent sees otherwise.

The government is collecting more than $30 billion a month in tariffs at this point.

Switzerland's vice president said Saturday he had had "constructive meetings" with senior US officials as the country tries to navigate the massive import tariffs imposed by US President Donald Trump.

U.S. Treasury Secretary Scott Bessent escalated his criticism of the Federal Reserve on Friday, urging sweeping reforms and accusing the central bank of driving inflation and inequality while President Donald Trump weighs successors to Fed Chair Jerome Powell.

Kyrgyzstan's Bakai Bank CEO Umut Abakirova met with U.S. Treasury Secretary Scott Bessent and executives from major U.S. financial firms, including BlackRock, Bank of America, and KPMG, to position the Central Asian nation as a hub for American investment in emerging markets.

President Donald Trump has reportedly accused European leaders of indirectly funding the war in Ukraine by purchasing Russian oil. He has urged them to cut off Russia and pressurize China to do the same.

The expansion of tax credits in his signature legislation could help California meet its desperate need for affordable housing.