The Latest Breaking News from Scott Bessent

Tariffs aren't meant for revenue and will shrink over time, Bessent says

The president frequently talks about plans to spend tariff revenue.

Axios · Nov 9, 2025

Jensen Huang confirms there are no plans to ship Blackwell GPUs to China right now, chipmaker at Beijing's mercy — Nvidia CEO says shipments haven't been approved by Chinese authorities

After President Trump and U.S. Treasury Secretary Scott Bessent reiterated that Nvidia will be barred from selling its most advanced chips to China, Jensen Huang has now confirmed that there are currently no active discussions on the matter. In fact, Nvidia also requires authorization from China itself before it can…

Tom’s Hardware · Nov 7, 2025

Donald Trump's Global Tariffs Face Collapse as US Supreme Court Questions His Power to Tax the World

The Supreme Court appeared poised to strike down Trump's sweeping global tariffs, with justices across the ideological spectrum questioning his authority. A loss could trigger up to $800 billion in refunds to US companies.

International Business Times UK · Nov 7, 2025

Trump administration will provide half of usual funds to Snap recipients in November

Contingency funds will keep benefits going for nearly 42 million people in the food assistance program, says Trump

The Guardian - US · Nov 3, 2025

Milei’s win should lock in financial backing from Trump. But at what cost to Argentinians?

In late October Argentina’s president, Javier Milei, won a decisive victory in the country’s midterm elections. The scale of the result caught most political commentators off-guard. It now gives the president the legislative capacity to push through his much touted programme of labour and tax reforms.

The Conversation · Nov 3, 2025

Scott Bessent Says SNAP Benefits 'Could Be' Restored On Wednesday, As Trump Admin Awaits Legal Clarity

Treasury Secretary Scott Bessent suggested that the Trump administration would need court guidance to disburse emergency funds for the Supplemental Nutrition Assistance Program (SNAP) benefits. 

Benzinga · Nov 3, 2025

The US government shutdown rattles into a new month as Trump dig his heels in

The government shutdown is set to become the longest ever this week

The Independent UK · Nov 3, 2025

"Most important case ever": Supreme Court to decide fate of Trump's tariffs

The consequences of this case will far transcend simple duties on imports.

Axios · Nov 3, 2025

Scott Bessent Admits Parts Of US Economy Are In Recession, Says Overall Still In 'Good Shape'

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting.

Benzinga · Nov 3, 2025

Elizabeth Warren Questions How Trump Argentina Deal Puts 'America First'

Sen. Elizabeth Warren (D-Mass.) on Sunday challenged President Donald Trump's decision to extend a $20 billion currency swap to stabilize Argentina's peso, asking how the move squares with "America First" as a U.S. government shutdown persists and living costs rise.

Benzinga · Nov 3, 2025