Scott Bessent
Stagflation fears bubble up as Trump tariffs take effect and the economy slows
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images A growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the […]
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Treasury chief urges Canada, Mexico to match US tariffs on China as deadline looms
Members of Mexico’s National Guard queue to board a plane bound for the northern border after Mexican President Claudia Sheinbaum agreed with U.S. President Donald Trump to bolster border enforcement efforts in response to Trump’s demand to crack down on immigration and drug smuggling, at the Cancun International Airport, in the metropolitan area of Cancun, […]
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Trump says Treasury Secretary Bessent is going to Ukraine as U.S. has ‘little to show’ for aid sent
U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025. Elizabeth Frantz | Reuters U.S. Treasury Secretary Scott Bessent will head to Ukraine for discussions about the war with Russia, U.S. President Donald Trump announced Tuesday. Trump said in a post on Truth Social that Bessent will […]
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Trump, Musk actions put America at risk of ‘a form of default,’ former Treasury chiefs warn
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters Five former Treasury secretaries warned Monday that recent actions at the Treasury Department by Trump administration officials and Elon Musk’s DOGE team raise “substantial cause for […]
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Staffer at Musk’s DOGE resigns after racist social media posts exposed
Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC A staff member on the Department of Government Efficiency team led by tech billionaire Elon Musk resigned Thursday after the Wall Street Journal asked the White House about his connection to a social media account that advocated for […]
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Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra
Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C., Wednesday, Aug. 14, 2024. Matt Kelley | AP President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra over the weekend. […]
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Man arrested with Molotov cocktails aimed to kill Treasury secretary at Capitol, police say
The dome of the Capitol is seen through a security fence on Capitol Hill in Washington, U.S., December 20, 2024. Kevin Lamarque | Reuters A Massachusetts man arrested at the U.S. Capitol with Molotov cocktails and a knife told police he was there to “kill” Treasury Secretary Scott Bessent, according to court documents filed Tuesday. […]
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Watch Trump’s Treasury secretary pick Scott Bessent testify live before Senate on tariffs, dollar
President-elect Donald Trump’s pick for Treasury secretary testifies Thursday before the Senate Banking Committee, both stating his case for the position and laying out the economic agenda for the new administration. Businessman Scott Bessent, an investor, hedge fund manager and billionaire political donor who once worked with George Soros, will offer remarks then take questions […]
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How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States’ 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan. Emily Elconin | Getty Images News | Getty Images The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction […]
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Fed Chair Jerome Powell can serve remainder of term, says Trump’s Treasury pick Bessent
Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his term leading the U.S. central bank despite prior insinuations that he could be pushed to step down, said Scott […]
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