The Latest Breaking News from Scott Bessent

Scott Bessent said the president is instead focused on 10-year Treasury Bond yields.

March S&P 500 E-Mini futures (ESH25) are up +0.05%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.08% this morning as investors awaited a new round of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from “Magnificent Seven” member Amazon.

Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.

The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.

Treasury secretary paused all work at Consumer Financial Protection Bureau, agency that was enacting reform

The lawsuit, filed in federal court in Washington, followed reports that Treasury Secretary Scott Bessent authorized the data-sharing arrangement with Elon Musk-led DOGE, last weekend.

Designed to invest in the national interest, sovereign wealth funds are typically funded by countries rich in natural resources and it is unclear how a US fund would operate or be financed

Consumer Financial Protection Bureau has been a target of Republicans for years

Treasury Secretary Scott Bessent has begun freezing work at the federal agency

Critics sound the alarm after Musk and DOGE allies ‘given access’ to internal Treasury payment system

President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer