Get all your news in one place.

100's of premium titles.
One app.

Start reading

Get all your news in one place.

100's of premium titles. One news app.

Start reading

The Latest Breaking News from Scott Bessent

Iran-US war latest: Tehran accuses Trump of ‘economic terrorism’ after he vows to crush it with sanctions

Over 750 members of the US military have been injured since the Iran war began

The Independent UK

Bessent’s bond market push struggles to bring down US borrowing costs

US Treasury Secretary Scott Bessent’s bond-buyback push has offered only limited relief, with long-term Treasury yields rising again. Investors remain focused on the wider pressures driving borrowing costs higher, including the growing fiscal deficit, heavy government debt issuance, persistent inflation and uncertainty over Federal Reserve policy.

The Economic Times

US debt tops $40 trillion: Chris Wood flags the 5% trigger that could rattle stock market

US public debt has crossed $40 trillion as its fiscal position worsens and Treasury yields move closer to levels that could threaten equities. Jefferies strategist Christopher Wood flagged a rise above 5% in the 10-year US Treasury yield as a key risk trigger, with the yield recently at 4.69%.

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump warns of 'economic D-Day' against Iran, but Tehran is well acquainted with sanctions

The Trump administration is intensifying economic pressure on Iran amid a protracted war. This strategy aims to force Tehran's capitulation on its nuclear program and the Strait of Hormuz. Treasury Secretary Scott Bessent threatened secondary sanctions on nations doing business with Iran. Experts debate whether this unprecedented economic campaign will…

The Economic Times

US urges allies and China to join Iran economic pressure campaign

The United States on Thursday urged allies and China to join its campaign to isolate Iran's economy, as President Donald Trump seeks to intensify pressure on Tehran amid a stalemate in the war and growing domestic criticism.

France 24

Dollar wobbles as investors balk at US Treasury's rescue efforts

The dollar faced a decline on Friday, ending the week lower amid investor worries. Concerns arose over the U.S. Treasury's bond buyback, which many viewed as merely a stopgap. This situation heightened fears about government intervention affecting fiscal health. As a result, both the euro and sterling appreciated against the…

The Economic Times

Gold steadies, heads for third straight weekly gain

Gold prices maintained stability, closing in on a potential third consecutive weekly rise. The support came from a weaker dollar and Treasury measures aimed at reducing yields. Furthermore, a decrease in unemployment claims indicated a steady labor market, leading markets to expect that the Federal Reserve will likely hold interest…

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

US to impose ‘toughest sanctions in history’ on Iran, Scott Bessent says

United States Treasury chief Scott Bessent announced unprecedented sanctions against Iran. These stringent measures aim to avoid significant new military operations. Oil prices surged following these threats of financial penalties. Iran condemned the sanctions as economic terrorism and vowed defiance. Details of the comprehensive sanctions package will be revealed next…

The Economic Times

Bessent's Plan To Increase The Amount Spent On Buybacks Of U.S. Debt Didn't Reassure Investors. Stocks Dropped.

Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday.

International Business Times

Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far

Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs

The Independent UK

The US national debt has hit a record $40 trillion — how does this impact the average person

‘Federal debt is already raising the cost of living and choking out other spending and investment,’ said one policy expert

The Independent UK

Iran dismisses US economic threats, and other developments in the Middle East

Iran has dismissed U.S. President Donald Trump’s threats of economic pain and isolation

The Independent UK

Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.

Fortune

US Treasury's Bessent says upsized bond buybacks could increase further

US Treasury Secretary Scott Bessent has outlined a strategy to ramp up bond buybacks, aiming to enhance market liquidity and instill confidence in economic fundamentals. Simultaneously, a fiscal consolidation initiative is underway, targeting savings in the hundreds of billions. This year's deficit has been exacerbated by refunds of illegal tariffs,…

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

US to impose ‘toughest sanctions in history’ on Iran; Scott Bessent bets on 'one-two punch' to cripple Iranian regime

US Treasury Secretary Scott Bessent said Washington will impose the “toughest sanctions in history” on Iran, with details expected Monday, as the Trump administration seeks to intensify economic pressure on Tehran. Bessent also urged China to cooperate, citing its dependence on Gulf energy and warning against sustaining Iran’s economy.

The Independent UK

The Latest: The US national debt hits a record $40 trillion

The United States’ debt has surpassed a record $40 trillion, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending

We Got This Covered

Donald Trump expertly plunges U.S. debt past $40 Trillion, then declares an ‘economic D-Day’ to crush already-struggling nemesis

“This will be Economic Warfare and Isolation on an unprecedented scale.”

International Business Times

Bessent Doubles Down On Economic Pressure Against Iran, Says It Likely Means No 'Large-Scale Kinetic Restart'

President Donald Trump on Wednesday said Washington will launch the "most crushing economic operation ever taken against any country."

Get all your
news in one place.

100's of premium titles.
One news app.

International Business Times

Scott Bessent Ups The Ante With Accelerated Buybacks Of Treasury Bonds After Yields Rebound

Bond yields rebounded on Thursday and erased the drop following Bessent's announcement on Wednesday.

Fortune

Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says

Everything you need to know before you reach the office this morning.

Benzinga

Treasury Doubles Bond Buybacks to $4 Billion — Market Strategist Slams Scott Bessent, Says It’s ‘Debt Reshuffling, Not Debt Reduction’ as Yields Surge

The U.S. Treasury doubled its debt buybacks to support the bond market as long-term yields rose, but investment firm Creative Planning‘s Chief Market Strategist Charlie Bilello said the move did not reduce the nation’s overall debt.

Benzinga

Treasury, IRS Move to Restrict Refundable Tax Credits for Certain Immigrants: ‘The Days of Illegal Aliens…'

The U.S. Department of the Treasury and Internal Revenue Service (IRS) proposed rules Wednesday to restrict access to the refunded portion of certain federal tax credits for immigrants who do not meet federal eligibility requirements.

Benzinga

Steve Hanke Warns Bond Vigilantes Are Back, Says 10-Year Yield Could Rise Another 50 Basis Points: ‘Very Bearish’

Economist Steve Hanke says the bond market is accurately pricing rising risks, leaving a bleak outlook for Treasuries, expressing concerns that President Donald Trump‘s policies are triggering a selloff.

The Economic Times

US Stock Market: Treasury steps in to curb rising long-duration bond yields

The US Treasury has doubled planned buybacks of longer-dated bonds to at least $4 billion per operation, seeking to ease liquidity pressures after the 30-year Treasury yield hit its highest level since 2007. The move comes amid rising fiscal concerns, elevated borrowing costs and heightened geopolitical tensions.

Barchart

Today’s US Treasury Intervention in Bond Markets is a Buy Recommendation for Gold. Here’s Why.

Like a dealer buying his own stash, the Treasury is propping up the market for long-dated bonds – and it won’t end well.

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

the Treasury Department

339 stories

Doctors Without Borders

219 stories

the US Treasury

161 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.