Tag: Scott Bessent
U.S. Treasury sees shake-up as No. 2 official resigns
Michael Faulkender, the second-highest-ranking official at the U.S. Treasury Department, is leaving the Trump administration less than five months after his Senate confirmation on...
Trump’s Tariff Surge: A Plan to Slash Debt and Revive the Economy
U.S. Treasury Secretary Scott Bessent has unveiled an ambitious strategy to harness the massive revenue from President Donald Trump’s tariffs to tackle the nation’s...
US and China Ease Tensions by Extending Tariff Truce
In a move that brings temporary relief to global markets, the United States and China have agreed to extend their tariff truce for an...
Trump’s Landmark Bill Ignites Medicaid Controversy
During a Sunday exchange, Treasury Secretary Scott Bessent sparred with CNN’s Dana Bash over the implications of the newly enacted “One Big, Beautiful Bill,”...
Trump drafts shortlist for Federal Reserve replacement
On Thursday, Treasury Secretary Scott Bessent announced on CNBC that the Trump administration will focus on selecting a replacement for Federal Reserve Chairman Jerome...
Treasury Secretary announces multiple new foreign trade deals
Treasury Secretary Scott Bessent expressed confidence on Friday that the United States could finalize 10 additional tariff agreements with trading partners before Labor Day...