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The Latest Breaking News from Scott Bessent

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.

Benzinga

The US government shutdown rattles into a new month as Trump dig his heels in

The government shutdown is set to become the longest ever this week

The Independent UK

"Most important case ever": Supreme Court to decide fate of Trump's tariffs

The consequences of this case will far transcend simple duties on imports.

Axios

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Scott Bessent Admits Parts Of US Economy Are In Recession, Says Overall Still In 'Good Shape'

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting.

Benzinga

Elizabeth Warren Questions How Trump Argentina Deal Puts 'America First'

Sen. Elizabeth Warren (D-Mass.) on Sunday challenged President Donald Trump's decision to extend a $20 billion currency swap to stabilize Argentina's peso, asking how the move squares with "America First" as a U.S. government shutdown persists and living costs rise.

Benzinga

SNAP benefit delays could mean millions go hungry - despite Americans wasting almost $400 billion of food a year

As SNAP benefits lapse, a startling statistic reveals that the U.S. risks wasting billions of dollars in food every year

The Independent UK

‘That’s harsh’: CNN’s Tapper taken aback by Treasury boss Bessent’s Blue Jays dig after epic World Series Game 7 loss

Scott Bessent poked fun at Ontario Premier Doug Ford after the Blue Jay’s dramatic loss in Game 7 of the World Series

The Independent UK

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Bessent points to China’s rare earths restrictions to justify Trump tariffs as Supreme Court to hear arguments about emergency powers

“The president was able to push back using his IEEPA powers. If that’s not use of an emergency power at an emergency time, I don’t know what it is.”

Fortune

Bessent says SNAP payments "could be" made this week

It's unclear when millions of families will receive their aid.

Axios

Bessent: U.S. faces broader recession risk without more Fed cuts

The Fed signaled the next rate cut isn't a sure thing

Axios

China has been an "unreliable partner" in many ways, Bessent says

The trade deal isn't even on paper yet, yet both sides are ramping up rhetoric.

Axios

Trump's White House Bathroom Renovation Sparks Fury, Economist Slams 'Clearly Wrong' Inflation Data And More: This Week In Economy

As the week comes to a close, here’s a quick recap of the top stories that dominated the headlines, from the world of politics to the economy and the stock market.

Benzinga

Scott Bessent Uses BTC's 17th Anniversary To Jab Senate Democrats: 'Bitcoin Never Shuts Down...Learn Something'

On Friday, U.S. Treasury Secretary Scott Bessent marked Bitcoin's (CRYPTO: BTC) 17th anniversary with a pointed comparison between the cryptocurrency's reliability and Washington's gridlock, taking a swipe at Senate Democrats for the ongoing government shutdown.

Benzinga

TikTok Sale Moves Forward as China Greenlights Transfer Agreement

China has approved TikTok's U.S. transfer agreement, moving the app closer to a new American ownership.

International Business Times

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The Independent UK

China agrees to purchase 25 million metric tons of U.S. soybeans annually, treasury secretary says

Treasury Secretary Scott Bessent says China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders

Axios

China will return U.S. soybean buys to recent annual levels, Bessent says

China cut off purchases earlier this year, depriving U.S. farmers of their largest export market.

Fortune

Trump and Xi Jinping meet at a temporary trade truce just days after China purchased its first U.S. soybeans from this year’s harvest

Quicker negotiations between the two countries ensued after China’s crackdown on rare earths exports, expert says.

Barchart

Stock Index Futures Gain on Nvidia Boost Ahead of Fed Rate Decision and Big Tech Earnings

December S&P 500 E-Mini futures (ESZ25) are up +0.19%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.35% this morning, buoyed by ongoing tech and AI momentum, while investors await the Federal Reserve’s interest rate decision and U.S. megacap tech earnings.

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International Business Times UK

FTSE 100 and Wall Street Climb to New Record Highs – Is There More Room to Grow?

UK and US stock markets are riding strong tailwinds, with analysts optimistic about further gains towards the end of 2025.

Barchart

S&P Futures Muted After Record Rally, FOMC Meeting and Earnings in Focus

December S&P 500 E-Mini futures (ESZ25) are trending down -0.02% this morning, taking a breather after a record-breaking rally, while investors await the start of the Federal Reserve’s two-day policy meeting, a new round of corporate earnings reports, and U.S. private-sector economic data.

Benzinga

Elizabeth Warren Accuses Trump And Scott Bessent Of Buying Argentina Election For 'Political Ally' To Make 'Hedge Fund Investors Richer'

Sen. Elizabeth Warren (D-Mass.) took to X on Monday to accuse Treasury Secretary Scott Bessent and President Donald Trump of "buying" Argentina's midterm elections for their "political ally" Javier Milei and enriching hedge funds.

The Independent UK

US and China seek to strike a deal over rare earths, tariffs, soybeans

The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea

Benzinga

Rare Earths Rollercoaster: Stocks Tank As Export Controls Get A Breather

Rare earth and critical mineral stocks tumbled Monday amid growing expectations that China might pause its latest round of export control measures.

The Mary Sue

‘You like to cherry-pick’: Donald Trump’s Treasury King Scott Bessent dismisses questions about rising food prices, says it’s ‘unfortunate’

There isn’t a single industry that Donald Trump hasn’t influenced with his unpredictable choices. From federal employees to those depending on government assistance for food, soybean farmers to cattle ranchers, Trump’s behaviour has impacted everyone. Yet, he refuses to acknowledge this, and so do his loyal supporters.

Benzinga

MP Materials, USA Rare Earth, Energy Fuels Shares Are Moving Lower: What's Going On?

Share of rare earth stocks are trading lower Monday amid potential U.S.-China negotiations that could delay export controls.

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