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The Latest Breaking News from Scott Bessent

Judge Pauses Musk Plan For Mass Cull Of US Govt Workers

The federal judge in Massachusetts ordered a temporary injunction on the plan's deadline -- midnight Thursday -- given by Musk for the country's more than two million government employees. The offer was to quit with eight months' pay or risk being fired in future culls.

International Business Times

Stock Market Today: Investors Respond to the Usual Uncertainty

Stocks surged late but the major indexes closed mixed as the search for market leadership continues.

Kiplinger

US Treasury Imposes Sanctions On Iranian Oil Shipment Network

U.S. Treasury sanctions network aiding Iranian oil shipments to China, targeting individuals and entities.

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Treasury Secretary Says Trump Is Not 'Calling For The Fed To Lower Rates'

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

International Business Times

Stocks Muted Before the Open With Focus on U.S. Economic Data and Amazon Earnings

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.

Barchart

Why does Trump want a US sovereign wealth fund?

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

Al Jazeera

US Treasury Says Musk Team Has 'Read-only' Access To Payments Data

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.

International Business Times

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Medical debt reforms threatened by Trump pause on new regulations

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

The Guardian - US

Treasury Faces Legal Challenge Over Data-Sharing Deal With Musk's DOGE

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.

International Business Times

What is a sovereign wealth fund and why is Trump creating one now?

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

The Guardian - AU

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

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

The Independent UK

Consumer agency is latest Trump purge

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

Salon

Why Musk's access to the Treasury payment system is so dangerous

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

The Independent UK

Trump orders creation of US sovereign wealth fund, says it could own part of TikTok

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

The Independent UK

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Roll Call

Executive order would establish US sovereign wealth fund - Roll Call

President Donald Trump signed an executive order Monday to begin the process of creating what would be the first U.S. sovereign wealth fund.

International Business Times

Trump Orders Creation Of Sovereign Wealth Fund And Says It Could Purchase TikTok

President Donald Trump is directing the United States to develop a government-owned investment fund.

The Guardian - US

Trump signs order to create sovereign wealth fund that could buy TikTok

President decrees US treasury and commerce departments to create fund after delaying ban of ByteDance-owned app

Top News

Suspect Arrested In Alleged Plot To Kill Government Officials

Court filings reveal a disturbing plot involving a suspect planning to attack government officials at the U.S. Capitol, influenced by a notorious figure.

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Fortune

Giving Elon Musk’s DOGE access to the Treasury payment system raises the risk of a U.S. debt default and global financial crisis, senator warns

The Treasury Department’s payment system has been likened to the government’s checkbook and makes $6 trillion in disbursements a year.

Top News

Treasury Secretary Bessent Named Acting Director Of CFPB

Scott Bessent appointed as acting director of CFPB following Chopra's termination. Analysts speculate on potential shifts in agency's approach under new le...

Salon

Progressives plan Musk-Treasury protest

Organizers are calling for a Tuesday night protest over Musk's attempt to seize control of the money supply

International Business Times

Musk Takes Control Of US Treasury Payments Systems

Elon Musk's aides have taken control of the US Treasury Department's payments system -- which manages trillions of dollars of transactions each year -- sparking alarm among critics.

Top News

Sen. Warren Demands Explanation On Elon Musk's Access To Federal Systems

Senator Elizabeth Warren raises concerns about Elon Musk's access to federal payment systems and calls for transparency and accountability in addressing po...

Roll Call

Chopra's CFPB exit comes as lawmakers mull changes to its structure - Roll Call

The departure of the CFPB director comes as congressional Republicans look at changes to the agency and Democrats defend it.

The Guardian - US

Elon Musk’s Doge team granted ‘full access’ to federal payment system

Trump’s treasury secretary gives the world’s richest person entry to one of the most sensitive US government databases

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