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The Latest Breaking News from Scott Bessent

Trump's Treasury Secretary Nominee Claims There Will Be 'Economic Calamity' If Republican Tax Cuts Are Not Extended

Scott Bessent warned about the dangers of not extending tax cuts implemented during Donald Trump's first term.

International Business Times

US Treasury Nominee Says Trump Can Usher In 'Economic Golden Age'

Donald Trump's nominee for Treasury chief spoke Thursday of ushering in "a new economic golden age," as he faced grilling by lawmakers about the incoming US administration's economic agenda.

International Business Times

Scott Bessent Vows Economic Prosperity Under Trump Administration

Scott Bessent, Trump's Treasury nominee, optimistic about economic growth and facing scrutiny from Democratic lawmakers.

Top News

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Sen. Graham Praises Trump's Treasury Nominee Scott Bessent

Sen. Lindsey Graham supports Scott Bessent as Treasury nominee, highlighting qualifications and alignment with Trump's agenda.

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Senate Finance Committee Backs Scott Bessent For Treasury Secretary

Republican Sen. Mike Crapo supports Scott Bessent's nomination for Treasury secretary, emphasizing pro-growth tax policies and fair trade deals.

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Scott Bessent To Divest 1M Assets For Treasury Department Role

Scott Bessent, Treasury Secretary nominee, plans to divest 1 million assets to uphold ethical standards.

Top News

Hedge Fund Manager Scott Bessent Nominated For Treasury Secretary

Scott Bessent, Trump's Treasury secretary nominee, discusses economic priorities and vision for prosperity.

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Democrats concerned after Mike Johnson fires top Republican from House committee reportedly at Trump’s request – as it happened

House speaker removed intelligence committee chair Mike Turner, whose stances have run afoul with Trump

The Guardian - US

Billionaire Scott Bessent Nominated For Treasury Secretary Position

Scott Bessent, Trump's Treasury Secretary nominee, faces Senate questioning and must tackle economic challenges.

Top News

Wealthy Officials Face Scrutiny Over Financial Disclosures In Trump Administration

Explore the scrutiny faced by wealthy officials in Trump's administration over financial conflicts of interest and lack of government experience.

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Treasury Nominee Bessent Aims To Spark Economic Growth

Scott Bessent, U.S. Treasury nominee, faces scrutiny on taxes, tariffs, and fiscal policies. Learn about his priorities and challenges ahead.

Top News

Democrats: Bessent avoided Medicare tax on hedge fund earnings - Roll Call

Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary.

Roll Call

Hedge-Fund Manager Scott Bessent To Divest Assets If Confirmed

Scott Bessent, Treasury nominee, pledges transparency by divesting assets and resigning from firm to address conflicts of interest.

Top News

This is when Donald Trump’s most controversial administration picks will go before the Senate

Hearings in the Senate are set to begin on Sunday

The Independent UK

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Fortune

Trump's pick for Treasury secretary discloses assets worth at least $521 million, including a home in the Bahamas and S&P 500 ETFs

The actual value of his assets is likely much higher, as several of his top holdings were listed simply as “over $50,000,000.”

Top News

Senate Hearings Schedule For Trump Cabinet Nominations

Senate hearings for President-elect Trump's Cabinet picks, including Doug Collins, Pete Hegseth, Kristi Noem, and Marco Rubio, among others.

Reason

Janet Yellen's Short-Term Thinking Could Cost the U.S. Big

The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are paying the price.

The Independent UK

Trump adds more billionaires to his administration after promising to help ‘everyday Americans’

The incoming administration will be the wealthiest in history, with more than a dozen ultra-rich nominees for critical agencies and major diplomatic roles

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Fortune

Donald Trump keeps baiting the Fed—but Jerome Powell's not biting

"We're supposed to achieve maximum employment and price stability for the benefit of all Americans and keep out of politics completely," Powell said.

The Independent UK

OPEC+ oil alliance faces stagnant prices for crude while US drivers enjoy cheaper gasoline

The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand and competing production from non-allied countries, factors that could keep oil prices stagnant into next year

International Business Times

Powell 'Not Concerned' US Fed Would Lose Independence Under Trump

Federal Reserve Chair Jerome Powell said Wednesday that he was "not concerned" the US central bank would lose its independence, despite President-elect Donald Trump's suggestion that he should have input into interest rate decisions.

MarketBeat

3 Growth Stocks That Won’t Slow Down in 2025

Many analysts are becoming more bullish about lower corporate taxes and lower interest rates; here are three stocks set to deliver solid returns in 2025.

The Guardian - US

Trump cabinet criticized as hodgepodge team unified only by ‘absolute fealty’ to him

Political analysts say president-elect ‘cannot resist chaos’ as he preps administration across ideological spectrum

The Guardian - US

Trump cabinet picks shaped by new power centers in his orbit

Boris Epshteyn, Susie Wiles and JD Vance hold outsized influence in the president-elect’s administration selections

Reason

Trump's New Tariffs Could Create Higher Gas Prices

And higher gas prices will make it more expensive to move goods around the country.

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