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The Latest Breaking News from Scott Bessent

Scott Bessent Moves To 'Cut Off' These Tax Credits, Other Federal Benefits For 'Illegal Aliens'

Scott Bessent, the Treasury Secretary, has revealed that the U.S. Treasury is taking steps to terminate federal benefits for “illegal aliens” amid President Donald Trump‘s directive to safeguard these benefits for U.S. citizens.

Benzinga

I Asked ChatGPT if I’m Too ‘High-Income’ for Trump’s Tariff Stimulus

ChatGPT analyzed whether a $100K household qualifies for Trump's proposed $2,000 tariff dividend. The answer: probably eligible, but nothing's finalized yet.

GOBankingRates

Trump Hints At Tax Cut, John Bolton Warns Of Peace Prize Ambitions And More: This Week in Politics

As the week comes to a close, here’s a look at some of the most significant stories that unfolded in the world of politics.

Benzinga

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Trump Admin Boasts Affordability Wins As Egg Prices Plunge 86%, Housing Costs Fall Nearly 14%, Despite Rising Grocery Inflation

The Donald Trump administration is focusing on lowering the cost of living for Americans, highlighting selective wins in food and housing prices even as broader inflation continues to challenge households.

Benzinga

Trump Says Economy 'Roaring Back,' Thanks God For 'Abundant Blessings' — Elon Musk Says Thanksgiving Food Is 'Amazing' As Holiday Messages Pour In

From presidential proclamations to playful AI image and tech-themed posts, the U.S. political and business heavyweights marked Thanksgiving in strikingly different ways.

Benzinga

Longtime Trump advisor Kevin Hassett emerges as favorite for Fed chair, Bloomberg reports

Treasury Secretary Scott Bessent said there’s a “very good chance” a new Fed chair will be named by Christmas.

Fortune

Scott Bessent wants the era of Fed-watching to end: He says it’s time they ‘move back into the background’ and make fewer speeches

The Fed didn’t want to get embroiled in politics in 2025—or ever. But Bessent wants them even further out of the public eye.

Fortune

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Scott Bessent Rejects 'AI Bubble' Fears, Cites Broadening CapEx, Manufacturing Growth

Treasury Secretary Scott Bessent on Tuesday dismissed fears that the U.S. economy has become dangerously addicted to artificial intelligence (AI) spending, arguing instead that investment is poised to broaden into a wider industrial resurgence.

Benzinga

Zohran Mamdani Has 'Old Ideas That Have Never Worked,' Says Scott Bessent: Trump Still Wants Him To Succeed

Treasury Secretary Scott Bessent weighed in on New York City Mayor-elect Zohran Mamdani's recent Oval Office visit to meet President Donald Trump, with a candid take on the Democratic leader’s campaign, policies and the meeting's surprising optics.

Benzinga

US Economy Set To Grow In 2026 — But A New Survey Warns Of Weak Jobs, Sticky Inflation And Hidden Risks Ahead

The U.S. economy is projected to grow modestly in 2026, though job creation is expected to stay weak, according to a new NABE survey.

Benzinga

Trump’s $2K Dividend: What Middle-Income Americans Could Expect

Trump’s proposed $2,000 tariff dividend could impact your wallet. Here’s what to know now and what it could eventually mean for middle-income Americans.

GOBankingRates

Scott Bessent Says If 'Radical Left' Again Shuts Down Government In January, GOP Should 'Immediately End' The Filibuster

Treasury Secretary Scott Bessent on Sunday urged Senate Republicans to be ready to scrap the legislative filibuster if Congress triggers another government shutdown when current funding expires in late January, aligning himself with President Donald Trump's demands to end the 60-vote hurdle.

Benzinga

Scott Bessent Says Americans Set For 'Lowest Cost' Thanksgiving Dinner In 4 Years After Being 'Traumatized' By Biden-Era Prices

Treasury Secretary Scott Bessent defended the Trump administration's handling of inflation and affordability, dismissing concerns over recent consumer price increases and forecasting relief for American households ahead of the holidays.

Benzinga

‘It didn’t have to be this way’: Top economist warns affordability crisis will continue as tariffs and immigration crackdown send inflation higher

“Consumer price inflation is near 3%, well above the Fed’s inflation target, and everything points to even higher inflation dead-ahead.”

Fortune

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GOBankingRates

Trump’s $2K Dividend: Who Qualifies and How You’ll Get It

Here's who might qualify and how Americans could receive the money.

The Independent UK

Trump’s tariffs expected to bring in $1 trillion less than expected – and that could drastically change his $2,000 check plan

Congressional Budget Office downgrades forecast on president’s levies on imported goods, casting fresh doubt on his pledge to send U.S. citizens a rebate

Fortune

Trump tells Scott Bessent to fix the Fed’s high interest rates or ‘I’m going to fire your ass’

The president also disclosed for the first time that Bessent has been advocating for Powell to remain as chair until his term expires in May.

Benzinga

Scott Bessent Outlines Midterm 'Acid Test' In Private GOP Meeting Amid Pushback On Trump's Tariff Dividend Plan: Report

In a recent private meeting with House Republicans, Treasury Secretary Scott Bessent reportedly discussed the potential impact of the GOP’s tax and trade policies on the 2026 midterm elections.

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The Guardian - US

Trump’s ‘affordability’ efforts are a mess of absurdity and magical thinking

After Republicans were trounced in this month’s votes, the administration has launched a slapdash, ill-conceived campaign

Benzinga

Scott Bessent Compares '$20 Trillion' In Investments Under Trump With Biden's $1 Trillion In 4 Years, Says President Laying Foundation Of 'Golden Age'

Treasury Secretary Scott Bessent highlighted the unprecedented wave of capital flowing into the United States, resulting from new corporate plans and trade agreements under President Donald Trump, which he said is beyond what was seen under prior administrations.

Benzinga

Trump Promises New Stimulus Checks — Could SPY, AAPL, NVDA And TSLA Be Big Winners Again?

Millions of Americans could be getting stimulus checks of $2,000 or more, according to President Donald Trump. While the new stimulus checks are not official, they could serve as relief for higher prices and macroeconomic uncertainty and also serve as future stock investments by some consumers.

Axios

Trump on Fed Chair Powell: "I'd love to fire his ass"

President says the only thing his Treasury Secretary is "blowing it on is the Fed."

GOBankingRates

Here’s How Trump’s $2K Dividend Could Impact Retirees on Social Security

Trump has hinted at a $2,000 stimulus funded by tariff revenue. What do retirees and Social Security recipients need to know about these possible payments?

Axios

Treasury wants Americans to save, not spend, Trump's $2,000 checks

The administration hopes Americans will dump the money in "Trump accounts" instead.

The Independent UK

Trump floated $2,000 tariffs rebate checks for Americans. The odds of that happening by 2026 are now just 2 percent

A new study also found that Trump’s proposed tariff dividends would cost $450 billion

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