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The Latest Breaking News from Scott Bessent

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

Fortune

Warsh's path to Fed chair may face even GOP obstacle in Senate

President Trump says he'll nominate Kevin Warsh, a Federal Reserve Board member from 2006 to 2011, to be the next chairman.

Roll Call

‘Respect Canadian sovereignty’: Canada’s message to US amid Alberta separatist reports

Canadian Prime Minister Mark Carney urged the United States to "respect Canada's sovereignty" after reports of US President Donald Trump's team meeting an Alberta separatist group three times since April 2025 surfaced. This also follows US treasury secretary Scott Bessent's remark on Alberta, stating that "Albertans are very independent people."

The Times of India

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Bessent accuses Carney of ‘virtue signaling’ after his big speech at Davos, with divorce between Canada and America in the air

“In my investment career, I’ve seen what happens when a technocrat tries to pivot and become a politician—never really works out well.”

Fortune

Scott Bessent Says Construction Jobs Are Booming Under Trump's Tariffs. Government Data Show the Opposite.

Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.

Reason

Trump team secretly met group demanding oil-rich Alberta's independence from Canada; White House says no support conveyed

Trump officials have secretly met separatists demanding oil-rich Alberta's independence from Canada three times since April 2025. Alberta Prosperity Project, the group, is seeking another meeting with the US officials next month to ask for a $500bn credit facility to help bankroll the province if an independence referendum, which is…

The Times of India

Trump officials have met with Canadian separatist group that wants to break off from rest of country, report says

The group says it has met with ‘very, very senior people,’ according to the report

The Independent UK

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Scott Bessent said Americans should skip toys for kids’ birthdays and instead invest in Trump’s accounts

A month ago, President Donald Trump also suggested kids didn’t need as many toys

The Independent UK

Scott Bessent on the 39% of young Americans thinking favorably of socialism: They’re just not invested in the stock market

“I think that dovetails somewhat—that 38% of American households have no exposure to equities,” the Treasury Secretary told CNBC. Let’s see in 10 years.

Fortune

Nicki Minaj to Join Donald Trump at Presidential Summit to Discuss Financial Literacy

Nicki Minaj is set to appear alongside Donald Trump at a presidential summit focused on financial literacy, bringing celebrity attention to discussions around money management and education.

International Business Times UK

Trump’s buried secrets are out, and now the Treasury has blacklisted a billion-dollar consulting firm after one employee went rogue

It was inevitable.

We Got This Covered

'Europe financing war against themselves': Why Trump ally Scott Bessent needs to watch 'Yes, Minister'

Bessent’s argument collapses the moment it is viewed through the prism of logic, because it mistakes activity for responsibility and motion for meaning. When Vladimir Putin invaded Ukraine in 2022, India was importing barely 1–2% of its crude oil from Russia. It was not a factor in the global energy…

The Times of India

Trump team cancels contract for firm whose employee leaked the president’s tax return

U.S. Secretary of the Treasury Scott Bessent announced Monday that all 31 contracts between the department with Booz Allen Hamilton would be aexed

The Independent UK

'Maybe Vance wants to signal...': Former Indian diplomat on why JD Vance has been blocking US-India deal

As the US-India trade consultations are still on, while India is all set to sign 'mother of all deals' with the EU, a major shocker dropped as it has been revealed that Vice President JD Vance is one of the major players stalling the deal. The other players are White…

The Times of India

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The Times of India

Russian oil goes to India, Europeans buy refined products from them: Scott Bessent

Treasury secretary Scott Bessent said the US made much bigger sacrifices than the European countries in the Russia-Ukraine conflict. "We have put 25% tariffs on India for buying Russian oil. Guess what happened last week? The Europeans signed a trade deal with India," Bessent said, explaining that Russian oil goes…

The Times of India

'Self-sabotage': Indian-American entrepreneurs reject JD Vance as 'India's friend' after trade deal 'leaked' audio; 'To appease the groypers'

Indian-American business leaders reacted in disbelief that Vice President JD Vance, married to Indian-origin Usha Vance, opposed the India-US trade deal, as revealed by Senator Ted Cruz during a private meeting with donors. The Indian lobby said Vance's stand is nothing but a self-sabotage which he is doing only to…

The Times of India

‘No intention’: Canada's Carney rules out free trade pact with China after Trump threatens tariffs

Canada's prime minister Mark Carney denies plans for a free trade deal with China. This comes after US President Donald Trump threatened tariffs on Canadian goods. Carney affirmed Canada's commitment to the CUSMA agreement, which restricts such deals with non-market economies without prior notice. Carney said recent engagements with China…

The Independent UK

Senator Markwayne Mullin leads MAGA gaslighting after feds shoot dead another US citizen in Minneapolis

Senator Markwayne Mullin called Alex Pretti ‘deranged’

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Reason

The Trump Administration Is Lying About Gun Rights and the Death of Alex Pretti

"Carrying a firearm is not a death sentence, it's a Constitutionally protected God-given right," writes Rep. Thomas Massie (R–Ky.).

Axios

Scoop: Trump to headline summit on Trump Accounts

Trump is highlighting accounts as part of his push on affordability, with polls showing Americans are critical of his priorities.

The Independent UK

Trump and Newsom shared smiles and jokes behind the scenes at Davos – despite the insults and death stares in public

Political enemies reportedly ‘engaged in affable small talk backstage’ at World Economic Forum this week before getting back to bitter name-calling and critiques of each other’s records

Euronews

Japan's central bank holds rates steady after bond sell-off and ahead of elections

The Bank of Japan announced this Friday that its policy interest rate remains unchanged at 0.75%. The decision comes after a huge sell-off in Japanese bonds this week, triggered by Prime Minister Takaichi's call for snap elections, and unfunded tax cuts that fuelled inflation fears.

The Guardian - UK

World is entering time of ‘great power politics’, warns German chancellor

Friedrich Merz says global order changing at ‘breathtaking pace’ and urges leaders in Davos not to accept new reality

Euronews

Has Trump really 'defeated' US inflation, as he claimed in Davos?

Despite the US president’s optimism, the country’s inflation rate remains above the Federal Reserve’s preferred 2% target.

The Guardian - US

Newsom says Davos appearance was canceled under pressure from Trump

Governor’s office says US pavilion bowed to pressure and pulled scheduled ‘fireside chat’ with Fortune magazine

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