The Latest Breaking News from Scott Bessent

Arthur Hayes Shares His 'Stablecoin Play' — And It Isn't Betting On Circle

Arthur Hayes has laid out a detailed case for why the U.S. government, through Treasury Secretary Scott Bessent's policies, is increasingly leaning on stablecoins as a financial tool to help fund growing federal deficits while keeping bond yields contained.

Benzinga · Jul 3, 2025

Trump’s tariffs set to cost American employers $83billion, analysis finds

An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans

The Independent UK · Jul 2, 2025

Scott Bessent Says Senators Not 'Threatened' By Elon Musk's Words, Bill Advancing Under Trump's Leadership 'More Than Anybody's Checkbook'

Treasury Secretary Scott Bessent commented on the ongoing feud between Tesla Inc. (NASDAQ:TSLA), Elon Musk and President Donald Trump, suggesting that the conflict is unlikely to affect the passing of a significant bill.

Benzinga · Jul 2, 2025

‘I take exception to the idea that the bill cuts Medicaid’: Treasury Secretary angrily defends bill that cuts Medicaid

I take exception to snatching millions of people's healthcare away.

We Got This Covered · Jun 30, 2025

Canada Rescinds Tax On US Tech Firms In Hopes Of Trump Trade Deal

Canada will rescind taxes impacting US tech firms that had prompted President Donald Trump to retaliate by calling off trade talks, Ottawa said Sunday, adding that negotiations with Washington would resume.

International Business Times · Jun 30, 2025

Deal with Beijing will speed China's export of minerals to the U.S., treasury secretary says

Washington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production

The Independent UK · Jun 27, 2025

US reaches deal with China to speed up rare-earth shipments, White House says

China confirms details amid efforts to end trade war but reiterates it will continue to approve export permits

The Guardian - US · Jun 27, 2025

Mexican President Sheinbaum Says There Is 'Simply No Proof' That Local Banks Laundered Money For Cartels

Mexican President Claudia Sheinbaum rejected U.S. sanctions against three Mexican banks over money laundering accusations

Latin Times · Jun 27, 2025

Super funds spared billions after US axes 'revenge tax'

The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal from a global minimum tax agreement.

AAP · Jun 26, 2025

U.S. Sanctions Mexican Banks Over Alleged Role in Laundering Cartel Funds, Buying Fentanyl Chemicals

The U.S. Treasury Department has sanctioned three Mexican financial institutions, alleging they were used by drug cartels to launder millions of dollars.

Latin Times · Jun 26, 2025