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The Latest Breaking News from Scott Bessent

Scott Bessent Calls Trump's Argentina Deal A 'Swap Line' That Made Money For Americans

Treasury Secretary Scott Bessent on Tuesday defended the government's $20 billion emergency support for Argentina as a bid to "pursue peace through economic strength," insisting it was a profitable swap line, not a bailout.

Benzinga

2000 Tariff Dividend Date Delay? Treasury Chief Casts Doubt on Trump's $2000 Cheque Plan

Treasury Secretary Scott Bessent casts doubt on Donald Trump's $2000 tariff dividend plan, saying no formal proposal has been made for the promised rebate.

International Business Times UK

Trump's Tariff Revenue Inadequate To Cover His $2,000 Dividend Plan, Warns Tax Expert: 'No Leftover...'

President Donald Trump expressed support for providing Americans with $2,000 in tariff dividend checks, though experts note that the source of funding for the plan remains unclear.

Benzinga

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

Scott Bessent Says New IRS Crypto Guidance Gives ETFs 'Clear Path' To Stake Digital Assets And Share Rewards With Investors

The Treasury Department and the Internal Revenue Service have introduced new guidance, clearing the way for them to stake digital assets and share rewards with investors.

Benzinga

What to know about Trump's pitch for a $2,000 tariff dividend

Tariff stimulus checks is an idea Trump has repeatedly touted but never executed.

Axios

'FOOLS!' Trump Slams Critics as He Promises $2,000 'Tariff Bonus' for Americans

Donald Trump promised $2,000 tariff payments for most Americans, calling critics 'fools.' But experts say the plan's math doesn't work, and the Supreme Court may soon strike down the tariffs altogether.

International Business Times UK

Scott Bessent plays the holiday grinch and warns of shutdown-related cargo shortages ahead of Christmas

Scott Bessent says the impact on the economy is going to get ‘worse and worse’ as the holiday season approaches

The Independent UK

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Stocks Set to Open Sharply Higher as End to U.S. Government Shutdown Nears

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.

Barchart

Peter Schiff Slams Trump's $2,000 'Dividend' Checks: '...Defeats The Very Purpose Of The Tariffs'

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.”

Benzinga

Trump proposes $2,000 payments to most Americans to highlight benefits of 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.

Euronews

Trump just announced $2000 ‘tariff dividends’ for everyone, but Scott Bessent accidentally proved it’s never coming

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.

The Mary Sue

Trump Teases $2,000 Tariff Dividend but Rich People Not Included

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

International Business Times UK

Trump Says Every American Will Receive 'At Least' $2,000 From Tariffs; Scott Bessent Has This To Say On How It Will Reach People

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.

Benzinga

Scott Bessent Says No 'Formal Proposal' Yet From Trump On Plan To Scrap Obamacare As President Pushes For Direct Payments

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."

Benzinga

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Fortune

Trump promises a $2,000 tariff 'dividend' that Treasury secretary says could come via tax cuts already signed into law

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

Axios

Tariffs aren't meant for revenue and will shrink over time, Bessent says

The president frequently talks about plans to spend tariff revenue.

Tom’s Hardware

Jensen Huang confirms there are no plans to ship Blackwell GPUs to China right now, chipmaker at Beijing's mercy — Nvidia CEO says shipments haven't been approved by Chinese authorities

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…

International Business Times UK

Donald Trump's Global Tariffs Face Collapse as US Supreme Court Questions His Power to Tax the World

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.

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Latin Times

Colombian President Petro Slams Trump Over Sanctions: 'Profoundly Rude And An Insult To The Nation'

Colombian President Gustavo Petro again slammed U.S. counterpart Donald Trump over the sanctions against him and his family, saying they are "not only profoundly rude, but an insult to the Colombian nation, a humiliation."

Benzinga

Scott Bessent Calls Elon Musk 'One of The Great Entrepreneurs' of This Generation: Says $1 Trillion Pay Package Is For 'Shareholders To Decide'

Treasury Secretary Scott Bessent praised his former colleague, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, while weighing in on his controversial $1 trillion compensation package.

Tom’s Hardware

Echoing Trump's sentiments, America's finance chief Bessent says the most advanced AI GPUs are restricted to home soil - China can have Blackwell chips once they're outdated

The U.S. Secretary of Treasury Scott Bessent has highlighted a potential future where China could get its hands on Nvidia's current-gen flagship AI chips... when they're no longer the current-gen flagships. Washington is considering letting Nvidia sell Blackwell chips to China once they're outdated by at least a year or…

The Independent UK

Even if the Supreme Court rejects Trump’s tariffs, his staff is working on backup plans to keep charging for imports

Several small businesses have sued the president for his sweeping tariffs, claiming they negatively impact business and defy Congress’s authority

The Guardian - US

Trump administration will provide half of usual funds to Snap recipients in November

Contingency funds will keep benefits going for nearly 42 million people in the food assistance program, says Trump

The Conversation

Milei’s win should lock in financial backing from Trump. But at what cost to Argentinians?

In late October Argentina’s president, Javier Milei, won a decisive victory in the country’s midterm elections. The scale of the result caught most political commentators off-guard. It now gives the president the legislative capacity to push through his much touted programme of labour and tax reforms.

Benzinga

Scott Bessent Says SNAP Benefits 'Could Be' Restored On Wednesday, As Trump Admin Awaits Legal Clarity

Treasury Secretary Scott Bessent suggested that the Trump administration would need court guidance to disburse emergency funds for the Supplemental Nutrition Assistance Program (SNAP) benefits.

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