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The Latest Breaking News from Scott Bessent

The U.S. bought Argentine pesos, Bessent says

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

Axios

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

The Independent 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.

International Business Times UK

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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.

Fortune

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

The Independent UK

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?

Kiplinger

Social Security chief to be IRS CEO

Treasury Secretary Scott Bessent will remain acting commissioner.

Axios

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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.

International Business Times UK

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.

Fortune

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

The Independent UK

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.

Barchart

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.

Benzinga

US Farmers Hit By Trade War To Get 'Substantial' Aid: Treasury Chief

US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts.

International Business Times

Treasury Secretary Bessent Warns: Government Shutdown Could Hit US GDP — Markets on Edge

US Treasury Secretary Scott Bessent has warned that the government shutdown could slash economic growth, unsettle markets, and disrupt millions of workers as political gridlock deepens in Washington.

International Business Times UK

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Benzinga

Shutdown Hits Growth And Hurts American Workers, Bessent Says

Treasury Secretary Scott Bessent warned Thursday that the ongoing government shutdown is more than a political standoff — it’s a direct threat to economic momentum and American livelihoods.

Axios

Farm bailout news coming next Tuesday, Bessent says

The trade war has proven devastating for farmers, especially soybean growers.

The Guardian - UK

The Guardian view on Trump’s Argentina bailout: it’s a political play, not an economic plan

Editorial: Washington’s $20bn lifeline for rightwing populist Javier Milei isn’t about stability or sovereignty, it’s about winning an election

Reason

Trump Is Filling the Fed with Loyalists

By installing Stephen Miran and eyeing more allies, Trump is positioning the central bank for aggressive rate cuts and a sharp break from its tradition of independence.

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news in one place.

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Fortune

Leaked texts on Scott Bessent's phone suggest the White House got played bailing out Argentina—and U.S. soybean farmers are the casualties

“This is highly unfortunate,” the text said. “Soy prices are dropping further because of it. This gives China more leverage on us.”

Caixin Global

U.S. Aims to Halve Reliance on Taiwan for Advanced Chips, Commerce Secretary Says

Officials from the Trump administration say the goal is for the U.S. and its allies to produce up to 50% of the advanced semiconductors it needs, citing national security risks

Fortune

The U.S. and U.K. are aligning on blockchain—and that is good for the world economy

In an opinion piece, the head of cryptocurrency exchange OKX explains why the US and UK could be poised to explain their longtime dominance of the financial sphere.

The Guardian - UK

Why Trump is backing Argentina’s Thatcherite economics

While Javier Milei’s shock therapy to tame inflation has won support from Washington and the IMF, ordinary Argentinians seem less impressed

Tom’s Hardware

U.S. Treasury Secretary calls Taiwan 'world's biggest single point of failure' — Lion's share of advanced chips are made in Taiwan

U.S. Treasury Secretary Scott Bessent warned that Taiwan's near-total dominance in advanced chip production poses a critical threat to global stability, urging urgent redistribution of manufacturing to the U.S. and allied nations.

Benzinga

Scott Bessent Says Trump Is Right To Question The UN Because He Is Solution Driven: 'That's What Real Leadership Looks Like'

Treasury Secretary Scott Bessent on Thursday praised President Donald Trump as "solution-driven" and said the president was right to call out the United Nations' shortcomings on immigration, energy and the economy.

Fortune

‘The frustration is overwhelming’: Soybean farmers feel betrayed as Argentina blows a hole in rural America’s $47 billion soybean bonanza

China will reportedly buy at least 10 cargoes of Argentine soybeans, further jeopardizing the U.S. export market, even as Argentina gobbles up Trump support.

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