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The Latest Breaking News from Scott Bessent

Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts

Republican Sens. Ted Cruz and Tim Scott formally urged Treasury Secretary Scott Bessent to enact roughly $200 billion in tax cuts without the approval of Congress.

International Business Times

Trump’s action against Iran is yet another wobble for government debt, warns UBS

“President Trump indicated attacks could go on for four or five weeks, and there are already reports of a need to urgently replenish weapons stockpiles. That potentially adds to the fiscal deficit,” noted Paul Donovan of UBS.

Fortune

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt

Bipartisan consensus is building in support of lowering the gulf between revenues and outlays to 3% of GDP.

Fortune

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Trump’s $2K Dividend: Who Qualifies and How You’ll Get It

Here's who might qualify and how Americans could receive the money.

GOBankingRates

Will the Trump Administration Pay the Tariff Refunds It Promised?

It said that if it lost in court, it would refund companies that paid unlawful tariffs. Now it says the process could take years.

Reason

‘The state of our union is more indebted than ever’: Budget watchdog continues war of words with Trump White House

The Committee for a Responsible Federal Budget took heat over the weekend, with Scott Bessent saying its leader “should be ashamed.”

Fortune

‘Maya MacGuineas should be ashamed’: Scott Bessent launches war of words with the nonpartisan think tank that agrees with Trump on tariffs

For her part, MacGuineas said Bessent’s diatribe was “a bit of an odd response.”

Fortune

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Democrats demand government refund billions in Trump tariff money

The measure would prioritize refunds for small businesses and encourages importers, wholesalers and large companies to pass the refunds on to their customers

The Independent UK

Goldman Sachs says U.S. consumers are stuck with higher prices even after Supreme Court ruling opens door to $180 billion in tariff refunds

Treasury Secretary Scott Bessent expressed doubt that households would receive any money raised from tariffs: “I got a feeling the American people won’t see it.”

Fortune

Scott Bessent has ‘got a feeling’ that $175 billion raised under the IEEPA is lost to the American people for good

“My sense is that could be dragged out for weeks, months, years,” Treasury Secretary Scott Bessent said.

Fortune

US tariff policy ‘hasn’t changed’ despite supreme court ruling, trade chief says

Jamieson Greer also said US won’t pull out of deals with UK, EU and others after court declared Trump tariffs illegal

The Guardian - US

Trump’s trade war risks undermining his hopes of hefty US interest rate cuts

Upping tariffs may have lifted the president’s mood but it is a headache for the Federal Reserve and its next chair

The Guardian - UK

Texans shouldn’t expect Supreme Court ruling against tariffs to bring prices down soon, economists say

The order wiped out many of the Trump administration's tariffs, but Trump promised Friday to find other ways to restore them.

The Texas Tribune

Goldman Sachs CEO David Solomon Now Owns Bitcoin. Should You Buy the No. 1 Crypto Here?

Solomon, a longtime Bitcoin skeptic, now says he owns a small amount of BTC.

Barchart

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The Independent UK

The Latest: Trump addresses press after Supreme Court strikes down his sweeping tariffs

The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda

Kiplinger

In Arkansas and Illinois, Groceries Just Got Cheaper, But Not By Much

Arkansas and Illinois are the most recent states to repeal sales tax on groceries. Will it really help shoppers with their food bills?

Fortune

Investors are already nervy about international buyers backing away from US debt: China might be beginning to do just that

BRIC nations have been “quietly leaving the Treasury market,” ING observed in December.

The Independent UK

Ukraine-Russia war latest: US ‘aims for March peace deal’ amid fallout over Putin general shooting

The ambitious goal has been discussed between Ukrainian and US negotiators, sources said

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The Guardian - AU

Ukraine war briefing: Kyiv and Moscow hold major prisoner exchange

Whitkoff says ‘significant work remains’ as second day of US-led peace talks in Abu Dhabi concludes: What we know on day 1,444

We Got This Covered

In a wild twist, Donald Trump says he’s fine with his employees footing the bill for his $10 billion lawsuit—as long as it goes somewhere else

This conflict of interest has a conflict of interest.

The Independent UK

When will Americans receive Trump’s promised $2,000 tariff checks? Even the president isn’t quite sure

President Donald Trump said he would promise to deliver the checks before immediately contradicting himself and saying he ‘may’ make a commitment

The Independent UK

Democratic lawmakers clash with Bessent in fiery hearing: ‘Can someone shut him up?’

The hearing about oversight of the U.S. financial system devolved into insults several times

Fortune

Scott Bessent’s ‘gotcha’ moment on Trump’s tariffs and inflation: He denies writing ‘Tariffs are inflationary’ in letter to hedge fund investors

In 2024 Bessent wrote: “Tariffs are inflationary and would strengthen the dollar.” He denied this before the House Financial Services Committee.

The Independent UK

Watch: Nicki Minaj’s foul-mouthed rap while dancing with Scott Bessent

Nicki Minaj has teamed up with Scott Bessent for a viral TikTok trend to promote new investment accounts for children, known as Trump accounts.

Fortune

Meet the first CEO of the IRS: A Jamie Dimon protégé facing a $5 trillion test this tax season

Wall Street legend Frank Bisignano has become the most prominent businessperson to dive into government work.

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