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The Latest Breaking News from Scott Bessent

Global markets tumble as Beijing imposes new ban on U.S. shipping. Bessent vows China ‘will be hurt the most’ if it doesn’t surrender

China showed no signs of backing down from President Trump’s trade war.

Fortune

Meghan, Duchess of Sussex, Selena Gomez, and the IMF—all on the same stage

Also: All the news and watercooler chat from Fortune.

Fortune

Scott Bessent Says Shutdown Has Started To Affect The Economy: 'No Kings Means No Paychecks'

According to U.S. Treasury Secretary Scott Bessent, the ongoing federal government shutdown is showing signs of affecting the nation’s economy.

Benzinga

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

UK economy at risk of ‘bumpy landing’; JP Morgan’s Dimon warns of ‘more cockroaches’ after collapse of First Brands and Tricolor – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

IMF Chief Kristalina Georgieva Brushes Off Trump's Trade War Threats: 'Trade Is Like Water, You Put In An Obstacle, It Goes Around It'

As tensions rise between the U.S. and China over fresh tariff threats, International Monetary Fund chief Kristalina Georgieva is urging calm, arguing that global trade is far more resilient than it appears.

Benzinga

'Scandalous’: top economist Jeremy Siegel warns U.S. sleepwalked into rare-earths crisis as China tightens its grip

The Wharton professor says Washington ignored the mineral threat for decades, leaving U.S. supply chains exposed and Beijing in control of 90% of global refining.

Fortune

Argentina passes the begging bowl, again

Maybe President Trump has bet on a dead horse. After all, Argentina has never been a good bet.

Fortune

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Crypto markets rebound after $19 billion wipeout leaves traders reeling

Bitcoin and Ethereum prices are recovering after traders suffered the largest liquidation event ever tracked by analytics firm CoinGlass.

Fortune

Trump's 'Genius Act' Sparks Hyperinflation Fears, Congresswoman Violates STOCK Act And More: This Week In Politics

Another week, another batch of stories. Here’s a quick roundup of the key political stories from the week that you might have missed.

Benzinga

Trump's Fed Chair Shortlist Narrows To Five Doves: Who Are They?

Following a series of intense interviews, Treasury Secretary Scott Bessent has reportedly cut President Donald Trump's list of Federal Reserve chair candidates to down to five, from an initial pool of eleven.

Benzinga

US throws Argentina €17bn lifeline as Milei-Trump ties deepen

Washington’s rare move to buy pesos and open a massive swap line steadied Argentina’s markets — but set off a political storm.

Euronews

Scott Bessent's $20 Billion Lifeline For Argentina A Bailout For 'His Hedge Fund Buddies,' Says Paul Krugman

Nobel Prize-winning economist, Paul Krugman has slammed U.S. Treasury Secretary Scott Bessent for the administration’s $20 billion aid package for Argentina, calling it a lifeline for his “hedge fund buddies,” rather than being a move that furthers in U.S. strategic interest.

Benzinga

US Finalizes $20 Bn Economic Lifeline For Argentina, Buys Pesos

US Treasury Secretary Scott Bessent said Thursday that Washington had bought Argentine pesos and finalized a $20 billion economic support program to help prop up the South American nation's faltering finances.

International Business Times

The U.S. bought Argentine pesos, Bessent says

Treasury has finalized a $20 billion currency swap framework with Argentina's central bank.

Axios

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The Independent UK

US buys Argentine pesos, finalizes $20 billion currency swap

The U.S. Treasury has purchased Argentine pesos and finalized a $20 billion currency swap with Argentina’s central bank

International Business Times UK

Farmers Left Anxious As Trump Weighs $10 Billion Bailout Amid Tariff Turmoil

Trump administration considers $10 billion farmer bailout as China halts soybean purchases, but government shutdown delays relief for struggling agriculture sector.

Fortune

Inside the Trump team’s secret talks to rescue Argentina—with the help of the ‘Money Doctor’ who wants to stop the 'pink tide' sweeping Latin America

Johns Hopkins professor Steve Hanke is an expert on "dollarization" and has helped the Trump Administration run through the options for intervening in Argentina's economy.

The Independent UK

Trump to unveil farm bailout needed because his tariffs led China to stop buying American products

President expected to announce help for farmers hard hit by loss of Chinese trade

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news in one place.

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Kiplinger

IRS Names Its First CEO: But He’s Also Still Running Social Security

Will this new role make it difficult to address emerging issues like budget and staffing cuts and customer service concerns?

Axios

Social Security chief to be IRS CEO

Treasury Secretary Scott Bessent will remain acting commissioner.

International Business Times UK

Trump Teases $2,000 'Dividend for the People' as Tariffs Rake in Hundreds of Billions

President Trump says he is weighing $2,000 'dividend' cheques funded by tariff revenue, as the Supreme Court prepares to hear a fast-tracked challenge to his emergency tariffs and Treasury tallies record monthly customs receipts.

Fortune

By supporting Argentina, the U.S. government hopes to start a domino effect of preventing ‘failed states’ across South America, says Bessent

Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.

The Independent UK

Trump mulling $2,000 ‘dividend’ for Americans to share money made from tariffs

Donald Trump has suggested giving $2000 to Americans using his tariff money, although the Supreme Court is still deciding whether his tariffs are even legal

Barchart

Nasdaq Futures Gain on AI Optimism

December Nasdaq 100 E-Mini futures (NQZ25) are trending up +0.31% this morning as another round of major AI deals and partnerships boosted sentiment.

Benzinga

Bitcoin Breaks $121,000; Ethereum, Dogecoin, XRP Also Extend Gains: Analytics Firm Says BTC Rally To $130,000 'Appears Realistic'

Leading cryptocurrencies and stocks rose higher on Thursday, as investors shrugged off government shutdown concerns.

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