The Latest Breaking News from Scott Bessent

Department of Homeland Security threatens lawsuits and massive tax bills to collect balances ‘owed’ by thousands of immigrants

Treasury Secretary Scott Bessent explained that the Trump administration prioritizes building assets for Americans over accumulating debt, outlining the rationale for the government acquiring stakes in private companies.

Arthur Hayes, co-founder of BitMEX, says dollar-pegged stablecoins could become a central tool for U.S. monetary policy, absorbing trillions in offshore deposits and reshaping global finance.

Bessent says debt, not rebate checks, will be administration’s priority for tariff revenue as prices rise for Americans

Goldman Sachs (NYSE:GS) expects the global stablecoin market to expand into the trillions of dollars in the coming years, a forecast that underscores Treasury Secretary Scott Bessent's efforts to position the sector as a major buyer of US government debt.

China and India have agreed to resume trade ties and move towards resolving their longstanding border dispute.

Treasury Secretary Scott Bessent explained the differential treatment in tariffs on India and China, despite both the countries buying Russian oil.

U.S. Treasury Secretary Scott Bessent believes stablecoins will buoy the market for U.S. Treasuries, and the government will sell more short-term debt to meet that demand.

September S&P 500 E-Mini futures (ESU25) are trending down -0.13% this morning, continuing to drop after a tech-led selloff in the prior session, while investors await the Federal Reserve’s July meeting minutes, comments from Fed officials, and earnings reports from more retail heavyweights.

Here are the key events on day 1,273 of Russia’s war on Ukraine.

Treasury Secretary Scott Bessent backed the implementation of the GENIUS Act on Monday, also known as the stablecoin bill, citing its potential to secure “American leadership” in digital assets.