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The Latest Breaking News from Scott Bessent

Israeli minister calls for police to replace military in handling West Bank settlers

Israel's Defence Minister Israel Katz called Friday for the police to take over law enforcement in the occupied West Bank from the military. Settlers there have been attempting to force Palestinian residents from their homes for nearly a week, intensifying efforts to seize more land. Read about the day’s events…

France 24

IRS announces new rules Trump Accounts for contribution towards employees’ dependent children. All you need to know

Employers can now contribute $2,500 each year to Trump Accounts designed for children's savings. Alongside this, employees have the option to make pre-tax payroll contributions to these accounts. Known as Invest America accounts, the initiative seeks to boost awareness and encourage responsible savings for the future. Additionally, Michael Dell's foundation…

The Economic Times

Treasury Ends Beneficial Ownership Reporting for U.S. Companies, Senator Warren Warns of Risks to National Security

Treasury Secretary Scott Bessent called the move "a victory for common sense and American small businesses" while Warren labeled it "a gift to cartels, criminals, and U.S. adversaries"

Latin Times

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Trump Administration Wipes Beneficial Ownership Database in Permanent Removal of Anti-Corruption Safeguards

The US Treasury has permanently ended the rule requiring companies to disclose their beneficial owners, sparking debate between deregulation supporters and anti-corruption advocates.

International Business Times UK

MAGA's burrito meltdown

A $20 meal became a right-wing media feud, exposing a party's broken promises

Salon

Trump Took Pete Hegseth on Secret Turkey Extraction While Top Officials Stayed Behind on Air Force One

A covert operation saw Trump secretly leave Turkey on a military aircraft amid missile threats, with US Defense Secretary Pete Hegseth accompanying him. The decoy involved using an older Air Force One.

International Business Times UK

Iran-US war latest: Hegseth says US can keep up naval blockade ‘indefinitely’ after Tehran vows to prolong war

Iran rejects Donald Trump’s claims that the US has ‘total control’ over the Strait of Hormuz

The Independent UK

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Rubio, Bessent stayed on decoy flight from Turkiye as Trump switched planes, official says

Trump was secretly moved to a smaller military jet after an Iranian threat during his return from the NATO summit in Türkiye. Secretary of State Marco Rubio and Treasury Secretary Scott Bessent remained on a decoy aircraft, while journalists and some White House staff believed Trump was aboard.

The Economic Times

Missile threat made Donald Trump move to smaller US jet during Turkey visit: Report

US President Trump was secretly moved to a smaller aircraft due to a missile threat. This extraordinary security operation occurred during his return from Turkey last month. The larger presidential plane was used as a decoy while he traveled separately. Secret Service acted on credible and imminent intelligence regarding the…

The Times of India

The Guardian view on Japan’s yen: Trump wants to keep the easy-money machine running

Editorial: A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are useful

The Guardian - UK

Trump’s plane-swap guests included Natalie Harp, whose brother called relationship ‘unhealthy.’ He left Marco Rubio on decoy

Just two other aides and Defense Secretary Pete Hegseth are known to have joined the president, as Secretaries of State and Treasury Marco Rubio and Scott Bessent, along with the press corps, remained on the decoy Air Force One flight out of Turkey

The Independent UK

Japan and the U.S. just spent billions to try to save the yen. Why is it already losing ground?

Economists point out that the U.S.-Japan intervention—as significant as it may be—doesn’t tackle the underlying reasons behind the yen’s weakness.

Fortune

Exclusive: Scott Bessent Says K-Shaped Economy Is Over, but Wall Street Veteran Says Wealth Divide Is Worsening: ‘50% of Americans Own No Stocks and Are Getting Left Behind’

Treasury Secretary Scott Bessent recently declared the “K-shaped” economic divide dead, but market experts argue the wealth gap is actually accelerating, prompting Wall Street veteran Louis Navellier to advise Americans to “bet on a billionaire” to survive the enduring financial split.

Benzinga

Trump Accounts Just Became More Attractive to Working Parents: Employers Can Contribute $2,500 Tax-Free Under New Treasury Guidance

The U.S. Treasury Department and IRS have issued new guidance that would make it easier for parents and employers to put money into Trump Accounts for children.

Benzinga

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Benzinga

Americans’ Credit Card Debt Climbs to $1.26 Trillion as K-Shaped Economy Widens Consumer Divide

Americans’ credit card balances climbed to $1.26 trillion in the second quarter, nearing last year’s record high as household finances remain divided.

Benzinga

US Drops Key Business Ownership Reporting Rule for Americans as Scott Bessent Hails 'Victory' for Small Businesses—'Gift to ‌Cartels,' Warns Elizabeth Warren

The Treasury Department has finalized a rule that exempts U.S. firms and individuals from reporting beneficial ownership information to its Financial Crimes Enforcement Network (FinCEN).

Benzinga

Rand Paul Inspects Fort Knox Gold, Says Dollar’s 97% Collapse Since 1913 Is Behind America’s 'Affordability' Crisis: 'The Real Point Is...'

Sen. Rand Paul (R-Ky.) toured Fort Knox to inspect the gold reserves on Monday, voicing concerns over the diminishing purchasing power of the dollar.

Benzinga

Scott Bessent Tells Robert Reich 'McDonald's Problem Is Called Burger King, Professor' Amid Clash Over the 'K-Shaped' Economy: 'No Wonder Bill Clinton...'

Treasury Secretary Scott Bessent criticized Economist Robert Reich‘s analysis, arguing that McDonald’s Corporation (NYSE:MCD) issues are not due to structural inequality but rather competition from rivals like Burger King, whose parent company is Restaurant Brands International Inc. (NYSE:QSR).

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Fortune

Interest on national debt now costs Treasury $3 billion a day, finds the CBO—after U.S. spends $10 billion propping up the currency of its top lender

The CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026.

The Economic Times

US defends dollar as yen weakness threatens global currency order

The US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hints of global economic turbulence. Historical patterns illustrate a downturn in imperial economic dominance. For India, navigating the complexities of changing global alliances and economic dependencies poses…

Benzinga

Scott Bessent Says America's 'K-Shaped' Economy Is Dead, But Robert Reich Fires Back With a McDonald's Warning: 'Very Much Alive, Even CEOs are Admitting It's a Problem'

Treasury Secretary Scott Bessent says the U.S. economy is moving beyond the K-shaped divide, but economists and corporate leaders continue to offer mixed views on the health of American consumers.

The Economic Times

Global Market: BOJ rate hike case strengthens as policymakers warn of rising inflation risks

The case for a Bank of Japan rate hike as soon as September has strengthened, with several policymakers signalling support for a faster pace of monetary tightening. Rising inflation risks, yen weakness and higher import costs are adding pressure on the central bank, while markets increasingly expect a rate increase…

Fortune

How Scott Bessent used financial engineering to fund the $2 trillion deficit while leaving it untouched

The alarm is coming from inside the house. The Treasury Borrowing Advisory Committee says the borrowing math no longer adds up.

Reason

Trump Says He Took Venezuela's Oil. Here's What Actually Happened.

Trump put Venezuelan revenues in a secretive bank account overseen by the U.S. government. It's a display of the Treasury's unaccountable power.

International Business Times UK

Scott Bessent Declares America's Economic Gap 'Over' as Broader Data Paint a More Mixed Picture

Economists say wages tell only part of the story, with wealth, spending and financial resilience still favouring higher-income households.

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