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The Latest Breaking News from Scott Bessent

CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump

The Independent UK

Trump says he had ‘good’ call with China’s Xi about TikTok and trade

World leaders also reportedly discussed Taiwan and fentanyl in first direct contact since 2021

The Guardian - US

Tech's war on "woke" is a war on workers

Mark Zuckerberg wants "masculine energy" and "aggression" at the office — sounds like a toxic workplace

Salon

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Stock Market Today: Stocks Pause After a Big Rally

The Nasdaq continues to lag the S&P 500 and the Dow so far in 2025.

Kiplinger

Trump Treasury Nominee Claims Foreign Companies Will Pay the Most for Increased Tariffs. An Independent Report Found Otherwise

Oregon Sen. Ron Wyden dismissed treasury nominee Scott Bessent's claim, calling it "bologna" and reiterating his belief that workers and small businesses would actually pay the most.

Latin Times

Trump's Billionaire Treasury Nominee Says Federal Minimum Wage Should Remain at $7.25 Per Hour

During his Senate confirmation hearing, Trump's Treasury nominee—billionaire Scott Bessent—clearly stated his opposition to raising the federal minimum wage.

Latin Times

Trump's Treasury Pick Argues For Tariffs On Chinese Goods

Scott Bessent discusses trade policies and China's economic impact in Senate hearing.

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Confirmation Hearings Shed Light On Trump's Economic Agenda

Confirmation hearings for Trump's Cabinet nominees focused on domestic and economic priorities, including tax cuts, energy dominance, and climate policies.

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Scott Bessent Defends Lack Of Public Service Due To Orientation

Scott Bessent's journey towards becoming the first openly gay treasury secretary and LGBTQ Senate-confirmed Cabinet member in a Republican administration, ...

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Scott Bessent Challenges Sen. Wyden On Clean Energy Race

Discussion between Bessent and Sen. Wyden on U.S. and China's energy strategies and policies.

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Treasury Secretary Nominee Opposes Raising Federal Minimum Wage

Debate over federal minimum wage: nominee opposes raise, Sanders advocates. States and cities set higher rates.

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Federal Reserve To Maintain Independence Under Trump's Second Term

Scott Bessent reaffirms Federal Reserve independence under a potential second term for President Trump, emphasizing the importance of autonomy in monetary ...

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Sen. Warner Open To Supporting Trump's Treasury Pick

Senators discuss Scott Bessent's nomination for Treasury Department, highlighting differing views on tariffs, tax cuts, sanctions, and national debt.

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Economists Challenge Treasury Secretary Nominee's Economic Policy Claims

Scott Bessent, Trump's Treasury secretary nominee, supports proposed economic policies, but economists have concerns about their impact on consumers and th...

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Scott Bessent Pledges To Keep IRS Direct File Program Open

Scott Bessent commits to maintaining IRS Direct File for 2025 tax season amidst criticism from House Republicans.

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Trump's Treasury Pick Opposes Raising Federal Minimum Wage

Scott Bessent opposes raising federal minimum wage, while Senator Sanders advocates for a /hr rate by 2028.

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Trump's Treasury Pick Threatens Tougher Oil Sanctions On Russia

Scott Bessent warns of potential oil sanctions escalation to end Russia-Ukraine war, impacting US oil prices.

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Treasury Nominee Supports Tougher Sanctions On Russia

Biden administration imposes new sanctions on Russian oil entities to disrupt funding for Ukraine conflict.

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America's Fiscal Mess Could Limit Government's Crisis Response

Scott Bessent warns of high deficits hindering crisis response and emphasizes the need to reduce government spending for fiscal sustainability.

Top News

US Faces Economic Calamity If Trump Tax Cuts Expire

Scott Bessent warns of economic calamity if 2017 Trump tax cuts aren't extended, affecting middle-class Americans and adding to the deficit.

Roll Call

Bessent warns of 'devastating' consequences if tax cuts lapse - Roll Call

Taxes and tariffs took center stage Thursday at a hearing for President-elect Donald Trump’s intended Treasury secretary nominee.

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Treasury Secretary Pick Disputes Impact Of Proposed Tariffs

Debate over proposed tariffs by President-elect Trump and their impact on stakeholders, analyzed by Scott Bessent.

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US Housing Market Faces Affordability Crisis And Shortage

Scott Bessent sheds light on the US housing affordability crisis, citing high prices, interest rates, and a housing shortage.

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Treasury Secretary Nominee Accused Of Tax Loophole Manipulation

Senator Wyden raises concerns about nominee Bessent's tax loophole affecting Medicare funding and tax fairness.

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Treasury Nominee Urges Extension Of Tax Cuts For Economy

Scott Bessent highlights the urgency of extending the 2017 Tax Cuts and Jobs Act to prevent economic turmoil and tax increases for the middle class.

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