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The Latest Breaking News from Scott Bessent

Trump’s Tariffs and retailers’ warnings: The truth behind the US economy and whether a recession is coming

The economy under Trump’s first month in office is not what he promised on the campaign trail and it looks to be an uncertain year for the average American, economists told The Independent

The Independent UK

Last year, GDP expanded by 2.8% and the private sector added 1.5 million jobs—but Trump’s Treasury secretary claims that growth was ‘brittle underneath'

Scott Bessent said the private sector “has been in a recession.”

Fortune

Treasury Secretary Scott Bessent sees inflation plummeting to the Federal Reserve’s 2% target despite Trump’s tariffs

Bessent blamed “four years of disastrous policies,” for scorching inflation, claimed the current administration was working everyday to lower prices, and China would eat any tariffs.

Fortune

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Warren Buffett says tariffs leave consumers footing the bill: ‘The tooth fairy doesn’t pay ’em’

Warren Buffett isn’t one to wade into politics, but as an outsider warned tariffs are likely to prove inflationary.

Fortune

Stock Market Today: Dow Jones Dives As Nvidia Plunges; Warren Buffett Gives This Warning With Trump Tariffs 'All Set' (Live Coverage)

The Dow Jones dived on the stock market today. Warren Buffett issued a warning as President Donald Trump said tariffs are 'all set.' Nvidia and Tesla fell.

Investors Business Daily

Investment Deal For Ukraine's Rare Earth Minerals Not Currently On Table

Treasury Secretary clarifies no current consideration for investment deal with Ukraine. Zelensky expresses concerns about security guarantees in any agreem...

Top News

‘Bewildering’: US media and politicians react to Trump’s televised attack on Zelenskyy

The showdown between the US president and the Ukrainian leader dumbfounded various outlets and politicos

The Guardian - US

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Mexico And Canada Consider Matching US Tariffs On China

Treasury Secretary Bessent supports Mexico and Canada aligning with US tariffs on China to create 'Fortress North America' and curb Chinese imports.

Top News

Trump gets lower yields—because investors fear growth is slowing

Stocks dipped this week as investors grappled with softer economic data and renewed tariff threats.

Fortune

Ukraine war briefing: Trump panders to Russia by shutting Kyiv out of Nato, says Kaja Kallas

EU foreign secretary says US wouldn’t have sat down with Bin Laden to ask what he wanted after 9/11; strikes on Kharkiv energy targets. What we know on day 1,101

The Guardian - AU

Interest Rates Are Falling—Thank Government Spending Cuts for That

Cuts to government spending mean fewer bonds, lower borrowing costs, and potentially a break for borrowers.

Reason

G20 Meeting In South Africa Highlights Global Economic Priorities

G20 meeting in South Africa addresses debt relief, climate change, and global economic resilience with notable absences and challenges.

Top News

Trump's Cabinet Meeting To Address Agency Loyalty And Priorities

President Trump's upcoming Cabinet meeting and key figures in his administration for the second term.

Top News

View from The Hill: the mud flies, but will the voters take much notice?

In these scrappy days before the prime minister announces the election date, the mud and the personal insults are flying, despite the politicians knowing voters hate this sort of thing.

The Conversation

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AAP

Australia warned not to hit back at US with tariffs

The treasurer has pushed for Australia to be exempt from US tariffs on steel and aluminium imports, with a decision due soon from Donald Trump.

Top News

US Imposes Sanctions On Individuals And Oil Tankers

Recent U.S. sanctions target individuals and oil tankers from China, UAE, and India for supporting Iran and militant groups.

Top News

Trump Appointees' Contradictions In Statements Vs. Actions

Explore how Trump appointees' actions post-confirmation differed from their initial promises and the potential impact on policies and agencies.

AAP

Treasurer to push for tariff exemption in US meeting

As superannuation giants attempt to build ties with US investors in Washington, Treasurer Jim Chalmers will try to secure a tariff deal with his US counterpart.

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The Independent UK

Ukraine offers mineral deal to US as olive branch to Donald Trump

Hopes raised of commercial deal as Macron meets president for talks on peace and European security

The Independent UK

US imposes more sanctions on Iranian oil trade after Trump calls to drive exports 'to zero'

The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.S. and its allies

Reason

Does Trump Want Lower Gas Prices or Oil Sanctions on Iran?

The Trump administration’s math on Middle Eastern energy supplies just doesn’t add up.

Fortune

Repricing US gold reserves would be bullish for the market, signaling the precious metal is not a 'barbarous relic,' analyst says

If U.S. gold reserves were priced at the current market rate, the value would top $750 billion.

The Guardian - AU

Ukraine war briefing: Volodymyr Zelenskyy praises Keir Starmer for pledge of ‘ironclad support’

British prime minister insists Ukraine must be ‘at the heart of any negotiations’ on a peace deal. What we know on day 1,096Europe live: latest news on the Ukraine war

The Guardian - AU

‘Trusted capital from your long-term ally’: Australian super’s US trip to bolster efforts to avoid Trump’s steel tariffs

Super Members Council says summit may sway US president on tariffs on Australian industry after seeing scale of investment in US

Evening Standard

Zelensky not ready to sign 'problematic' US minerals deal, sources say

The US and Ukraine have made significant progress towards a mineral deal, a source told the Associated Press

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