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The Latest Breaking News from Scott Bessent

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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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.”

Fortune

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.

Top News

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.

Reason

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

The Independent UK

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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.

Fortune

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

The Independent UK

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.

International Business Times

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.

MarketBeat

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

The Guardian - US

Trump's New Tariffs Could Create Higher Gas Prices

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

Reason

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The Independent UK

The total wealth of Trump’s top team is $340 billion — more than the GDP of 169 countries

Several billionaires and wealthy mega donors and executives are nominated for key economic posts

Fortune

Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros

Bessent worked for Soros and played a key role in the short bet that “broke the Bank of England.”

Fortune

The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?

Trump's picks fit into three groups: the fortifiers (the good), the detractors (the bad), and the mercurial influencers who might do good or harm.

Kiplinger

Stock Market Today: The S&P 500 Reclaims the 6K Level

Investors see Scott Bessent as a safe shepherd of the economy as the president-elect burnishes his "Tariff Man" reputation.

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Evening Standard

Trump tariff ‘surprise’ pushes FTSE 100 into the red

The US President-elect singled out Mexico and Canada in particular for tariffs in a social media post.

Salon

Boris Epshteyn accused of seeking bribes

Trump reportedly discovered Ephsteyn was shaking down potential Cabinet picks like Scott Bessent and Eric Greitens

Top News

Global Shares Retreat As Trump Plans New Tariffs

Global shares decline on Trump's tariff plans, impacting markets worldwide. Treasury yields ease, Fed may adjust rate cuts. Oil prices rise, U.S. dollar we...

Reason

Return of the 'Tariff Man'

Plus: Are tariffs inflationary, RIP to a giant of the free market movement, and more...

Top News

Trump Transition Team Lawyer Investigates Allegations Against Adviser

Allegations of Boris Epshteyn using Trump ties for personal gain prompt review and potential consequences.

The Independent UK

Trumpworld turns on one of its own: Boris Epshteyn faces internal probe over pay-to-play scheme

Boris Epshteyn is accused of profiting personally from his proximity to the president-elect

Fortune

"Let the banks be banks"—Trump’s U.S. Treasury nominee has $23 trillion bank sector champing at the bit

Bankers expect Trump's Treasury Secretary nominee to remove regulatory burdens.

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