The Latest Breaking News from Scott Bessent

‘The tariffs are going to be the tariffs,’ the president said when asked about when the levies would return to April levels

President Donald Trump on Sunday slammed former ally Elon Musk's launching of a new political party as "ridiculous," after the tech billionaire who once backed the Republican said he wanted to challenge the United States' "one-party system."

The US president’s pause on the imposition of his ‘Liberation Day’ tariffs ends on Wednesday

There are just two days of talks left before the US president’s potentially swingeing tariffs are restored

Rightwing network downplays criticism from economists and says bill is ‘packed with massive, huge, important wins’

Letters to be sent to countries without a deal in place before end of 90-day pause on 9 July

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.99%. September E-mini S&P futures (ESU25 ) rose +0.77%, and September E-mini Nasdaq futures...

Arthur Hayes has laid out a detailed case for why the U.S. government, through Treasury Secretary Scott Bessent's policies, is increasingly leaning on stablecoins as a financial tool to help fund growing federal deficits while keeping bond yields contained.

An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans