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The Latest Breaking News from Scott Bessent

China and the United States agreed Saturday to conduct another round of trade negotiations in the coming week, as the world's two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

International Business Times

Argentine Peso Drops Against Dollar Despite US Backing

Argentines scrambled Friday to buy dollars and household items as the peso depreciated against the greenback, despite multi-billion dollars of US support for the under-pressure currency.

International Business Times

US Treasury Chief To Speak With China Counterpart As Tensions Flare

US Treasury Secretary Scott Bessent is set to speak Friday with Chinese Vice Premier He Lifeng, an official from President Donald Trump's administration told AFP -- as Washington works to rally allies to respond to Beijing's rare earth curbs.

International Business Times

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America Second

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Reason

US Cancels $500 Million Cobalt Tender, Bessent Points To More Equity Stakes

The US has canceled a $500 million tender to purchase cobalt. The decision came after multiple extensions, less than two months after launching the initiative.

Benzinga

US Budget Deficit Narrows Just Slightly Despite Tariff Revenues

The US budget deficit narrowed just slightly over the past year, official data showed Thursday -- despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging tariffs since January.

International Business Times

China Blasts Trump Administration For 'Panic' Over Rare Earths

China accused the United States on Thursday of fueling "panic" over Beijing's new limits on rare earth exports.

Benzinga

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Could Trump's $40 Billion Plan Be A Game-Changer For Argentina?

Argentina has defaulted on its sovereign debt multiple times since 2000, and structural weaknesses in its fiscal and monetary configuration are deep.

International Business Times

Trump team preparing to install ‘allies’ at the IRS to target ‘major Democratic donors’ including George Soros: report

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

The Independent UK

Scott Bessent Says US Investment Boom 'Sustainable' Under Trump: 'The Only Thing Slowing Us Down...'

U.S. Treasury Secretary Scott Bessent credited the country’s investment boom to President Donald Trump‘s policies on Wednesday, and expressed optimism about its sustainability, but said the government shutdown was a potential obstacle.

Benzinga

Scott Bessent says Chinese top trade envoy came to Washington uninvited

US treasury secretary says Li Chenggang was ‘unhinged’ and ‘disrespectful’ during visit to DC in August

The Independent UK

Trump claims Modi has agreed to stop importing Russian oil to India

Trump prepares to rope in China and Japan to agree to half energy imports from Russia

The Independent UK

US Government Shutdown Could Drag On 'Five, Six Weeks,' Warns Moody's Economist Mark Zandi

Despite a last-minute Pentagon maneuver to ensure U.S. troops were paid this week, the federal government shutdown continues with no end in sight, prompting Moody’s Analytics Chief Economist Mark Zandi to warn that the impasse could still last for a record “five, six weeks.”

Benzinga

Trump Administration Reportedly Plans Major IRS Shake-Up That Would Make It Easier To Target Democratic Donors

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

Benzinga

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The Independent UK

Is China winning the trade war with the US?

Beijing appears unfazed by Donald Trump's threats and an export boom suggests it may be gaining the upper hand

Benzinga

Scott Bessent Has It 'Backwards,' Says Peter Schiff: China's Economy Will 'Boom' As It Trades Less With The US

Economist Peter Schiff pushed back against Treasury Secretary Scott Bessent’s comments on U.S.-China trade, saying that Beijing's decision to reduce its reliance on American markets will strengthen, not weaken, its economy.

The Independent UK

Ukraine-Russia war latest: Zelensky in US for Trump meeting after President announces new Putin summit

Ukrainian president will hold talks in the Oval Office after Trump said he would meet Putin in Hungary

International Business Times

Asia Stocks Rise As Traders Weigh China-US Row, Rate Cut Hopes

Asian equities edged up Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year.

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PC Gamer

US senators express 'profound concern' over EA buyout: 'The proposed transaction poses a number of significant foreign influence and national security risks'

Whether it adds up to anything remains to be seen, but Elizabeth Warren and Richard Blumenthal are big mad about it.

Benzinga

Lockheed Martin Shares Are Trading Low Wednesday: What's Going On?

Lockheed Martin Corp (NYSE:LMT) shares are trading lower on Tuesday, among other defense stocks, after Treasury Secretary Scott Bessent suggested the government may ask them to cut back on buybacks to address shortfalls in deliveries.

Benzinga

Trump Likely To Invest In More Rare Earths, Bessent Says

President Donald Trump's administration is likely to take stakes in more companies following China’s latest rare earth export limitations, Treasury Secretary Scott Bessent said Wednesday.

Benzinga

Peter Schiff Takes A Victory Lap: For Bitcoin, 'The Party Is Over'

Bitcoin (CRYPTO: BTC) underperforming against gold has prompted its prominent critic Peter Schiff to highlight the divergence.

International Business Times

US Says Working On New $20 Bn 'Facility' For Argentina

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy.

International Business Times

US Treasury Chief: Beijing's Rare Earths Move Is 'China Vs World'

US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled."

Benzinga

Hillary Clinton Slams GOP As 'Trump Shutdown' Enters 3rd Week: They're Willing To 'Hold The Country Hostage' Over Health Care

Former Secretary of State Hillary Clinton criticized Republicans as the ongoing government shutdown under President Donald Trump entered its third week.

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