US Treasury Secretary Scott Bessent claims American economy has become ‘hooked’ and ‘addicted’ to excess government spending — warns of ‘detox period.’ 3 ways to ...
In a recent interview on CNBC’s Squawk Box, Treasury Secretary Scott Bessent warned that the ongoing efforts to cut back government spending would negatively impact the economy. “The market and the ...
Bessent Is Wrong - Recession Is More Likely Than Not
US markets are overvalued, heavily reliant on foreign capital, and vulnerable to tariffs and geopolitical shifts, impacting ...
UC Investment Chief Urges Bessent to Help Defend Elite Education
The University of California’s top investment officer urged Treasury Secretary and former hedge fund manager Scott Bessent to ...
Bessent Resists DOGE Cuts That Put Low-Income Lending Program Under Fire
President Donald Trump’s aggressive government cost-cutting agenda is forcing his Treasury chief to balance support for that ...
Trump’s order to cut main street lending program earns GOP rebuke
An executive order from the president would slash funding for a program relied on by community entrepreneurs and strongly ...
Treasury Secretary Scott Bessent Calls Himself A 'Deficit Hawk,' Says He Is 'Completely Aligned' With Elon Musk On DOGE
Treasury Secretary Scott Bessent discussed the importance of lowering debt and deficit while outlining Donald Trump's ...
The Fed's New Top Bank Regulator May Take Friendlier Tone
President Donald Trump named Michelle Bowman his pick for the Fed’s vice chair for supervision on Monday. The four-year post ...
Bessent reveals how Trump will decide reciprocal tariffs
President Trump’s reciprocal tariffs could go well beyond matching import taxes imposed on U.S. goods by other nations, ...
Capital Gazette4d
IRS agents who investigated Hunter Biden given promotions at the Treasury Department
WASHINGTON (AP) — Two IRS whistleblowers who testified publicly about investigations into Hunter Biden’s taxes have been ...
Trump names Bowman as Fed's top bank cop, signaling shift in regulatory stance
Michelle Bowman would likely take oversight of the nation’s largest banks in a new direction as the Trump administration ...
Stock market today: Dow gains 350 points as stocks climb for 2nd day after S&P 500 enters correction
Downbeat retail sales data and Treasury Secretary Scott Bessent's comments are adding to worries about the economy.
INR climbs on positive domestic equities; dollar weakness overseas
The Indian rupee appreciated 24 paise to close at 86.81(provisional) against the US dollar on Monday on positive domestic equities and weakness of the American currency in the overseas market. Local ...