The Latest Breaking News from Scott Bessent

Did Trump’s tariff war force India and China to mend ties?

China and India have agreed to resume trade ties and move towards resolving their longstanding border dispute.

Al Jazeera · Aug 20, 2025

Scott Bessent Clarifies Why Trump Penalized India, Not China, Over Russian Oil Purchase—'Indian Arbitrage...Unacceptable'

Treasury Secretary Scott Bessent explained the differential treatment in tariffs on India and China, despite both the countries buying Russian oil.

Benzinga · Aug 20, 2025

Goldman Sachs says we’re on the verge of a stablecoin gold rush worth trillions

U.S. Treasury Secretary Scott Bessent believes stablecoins will buoy the market for U.S. Treasuries, and the government will sell more short-term debt to meet that demand.

Fortune · Aug 20, 2025

Larry Summers Warns Scott Bessent: 'Unless We See A Recession,' You Shouldn't Be Prescribing A 175 Basis Point Cut In Interest Rates

Former Treasury Secretary Lawrence Summers criticized the current U.S. Treasury Secretary Scott Bessent for weighing too directly on the direction of interest rates, something he believes could blur the lines between fiscal and monetary polices.

Benzinga · Aug 18, 2025

Xi Jinping Is 'Difficult To Deal' With, Says Treasury Secretary; S&P 500 Earnings Beat, Chinese Stocks Jolt From Trump Moves — Weekly Economics Recap

Let’s take a look at some of the most significant stories that broke over the weekend, including the latest on China’s economy, the SP 500 earnings, and the impact of stablecoins on the U.S. dollar.

Benzinga · Aug 17, 2025

Scott Bessent Sees Nvidia-AMD China Deal As Blueprint, Facebook Users Claim $725 Million, Intel Surges On Trump Stake Buzz — Weekly Tech Recap

The weekend was a whirlwind of tech and market news. From a massive data privacy settlement for Meta Platforms (NASDAQ:META) to a unique revenue-sharing agreement between the U.S. government and chip giants, the stories were as diverse as they were impactful.

Benzinga · Aug 17, 2025

Bitcoin Climbs On Fed Rate Cut Hopes, Matt Gaetz Buys 'Digital Penguins,' Analyst Calls XRP 'Ideal' Entry — Weekly Crypto Recap

The past week in the crypto world was a mixed bag of events. Bitcoin (CRYPTO: BTC) saw a rise following the Federal Reserve Governor’s dovish comments on rate cuts, while altcoins pulled back. Meanwhile, former U.S. Representative Matt Gaetz made headlines with his purchase of Pudgy Penguins token and an…

Benzinga · Aug 17, 2025

Trump's unprecedented, potentially unconstitutional deal with Nvidia and AMD, explained: Alexander Hamilton would approve

Nvidia and AMD agreeing to give 15% of their China chips revenue back to the U.S. doesn't recall any deal ever struck by the U.S. government.

Fortune · Aug 16, 2025

Cynthia Lummis Backs Scott Bessent's 'Commitment' To Build Bitcoin Reserve Without Burdening US Taxpayers — 'I Have A Bill For That'

Sen. Cynthia Lummis (R-Wyo.) on Thursday backed a “budget-neutral approach” to building a Strategic Bitcoin (CRYPTO: BTC) Reserve, opposing the idea of purchasing additional BTC to address the mounting national debt.

Benzinga · Aug 15, 2025

Japan Posts Modest Growth Despite US Tariffs

Japan eked out modest growth in the second quarter despite painful US tariffs, official data showed Friday, in welcome news to embattled Prime Minister Shigeru Ishiba.

International Business Times · Aug 15, 2025