Scott Bessent Advises Americans on IRS Cash Management
Scott Bessent encourages Americans to avoid letting the IRS hold their cash, suggesting that managing it effectively can lead to an 'automatic real wage increase'.
Results for "Scott Bessent"
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Treasury Secretary Scott Bessent advises lowering tax withholding to boost take-home pay
Treasury Secretary Scott Bessent is urging Americans to adjust their tax withholding to increase their immediate take-home pay.
WorldReutersle-mondedr-dk+28yle-uutisetfazDWle-figarolsm-lvrzeczpospolitatvn24delfi-lt+20 more4d ago31 sources
Supertankers Enter Persian Gulf Despite US Sanctions
Multiple supertankers reportedly entered the Persian Gulf, challenging US sanctions and claims of a blockade on Iranian ports. This development comes as an advisor to Iran's Supreme Leader threatened to sink US naval vessels in the region.
US Treasury Secretary Prepares Banks to Collect Citizenship Data
Treasury Secretary Scott Bessent has stated that the Trump administration expects banks to comply with a directive to collect citizenship information from their customers.
PoliticsAPReutersBBC+126bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+118 more4d ago129 sources
Peter Magyar Pledges Hungarian State Media Reform
Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.
Head of Fed and US Treasury urgently summoned heads of major banks after Anthropic revealed what Mythos can do
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an emergency meeting this week with bank CEOs to warn them about...
US Treasury Demands Retraction from Financial Times Over Fed Oversight Story
The US Treasury Department has formally demanded that the Financial Times retract a report concerning Treasury Secretary Scott Bessent's views on increased oversight of the Federal Reserve, labeling the article as 'manufactured'.
Trump's Mueller Comments Spark Criticism, Defense, and a Brewery's Free Beer Offer
Former FBI Director Robert Mueller's passing prompted widespread criticism of President Trump's controversial comments, with figures like Rachel Maddow assessing his legacy and Fox News' Brit Hume blasting his remarks. Scott Bessent defended Trump, attributing his reaction to the 2022 Mar-a-Lago raid, while a brewery doubled down on an offer of free beer upon the President's death in response to Trump's post.
Trump's Comments on Mueller's Death Draw Response from Bessent
Donald Trump controversially stated he was glad about the death of former FBI chief Robert Mueller, a remark notably omitted from Fox News's coverage. Treasury Secretary Scott Bessent has since responded to Trump's post regarding Mueller's death.
US Treasury Secretary Bessent Reaffirms 'Plenty' of Funds for Iran War, Rules Out Tax Hikes
US Treasury Secretary Scott Bessent has reiterated that the United States possesses 'plenty' of funds to finance a potential war with Iran, despite no formal funding request yet from the Trump administration, and promises Americans will not face tax hikes, with reports questioning if the conflict will end soon.
US Treasury Secretary Bessent Declares "Epic Fury" Operation a Rapid Success Against Iran
US Treasury Secretary Scott Bessent stated that the Trump administration is "winning this crucial fight at an even faster pace than anticipated" through "Operation Epic Fury," calling Iran the "head of the global terrorism snake."
BusinessNYTcnbcle-figaro+6el-mundostraits-timesnaftemporikindtvchannel-news-asiaPremium Times1mo ago9 sources
Oil Prices Fall as US Considers Easing Iran Sanctions, Bessent Confirms Plan
The US is reportedly considering easing sanctions on Iranian oil to help stabilize global prices, with Treasury Secretary Scott Bessent stating that removing sanctions would lower prices. Oil prices have already begun to fall following Bessent's confirmation that the US may soon lift sanctions on Iranian crude stored aboard tankers.
Trump's minister discusses future of Iranian island and internal desertions
US Treasury Secretary Scott Bessent, a minister in the Trump administration, commented on 'desertion at all levels' within Iran and suggested that an important Iranian island might become US property.
WorldBBCThe Guardiandr-dk+13delfi-ltThe Independentindex-hrhindujutarnji-listdanasjerusalem-postchannel-news-asia+5 more1mo ago16 sources
Trump seeks to delay meeting with China's Xi by 'a month or so' due to Iran war
Trump may need to delay the trip to China due to coordinating the war effort in Iran, says US Treasury Secretary Scott Bessent.
Scott Bessent's Market Panic Definition Highlights AI's Biggest Problem
Scott Bessent has reportedly defined market panic in a way that inadvertently points to the most significant issue facing artificial intelligence.
Is Netanyahu safe? Fact-checking 'six fingers in hand' claim after Scott Bessent's reaction draws speculations
Benjamin Netanyahu's address drew speculations about the video using AI with many claiming that the Israeli PM appeared to have six fingers in his hand.
Treasury Secretary Pulled Mid-Interview for Urgent Meeting With President, on Video
Things are getting so tense in the U.S.-Iran conflict, even Treasury Secretary Scott Bessent got yanked mid-interview to speak to President Trump!
US Treasury Secretary Scott Bessent Dismisses Iran War Economic Concerns
US Treasury Secretary Scott Bessent firmly rejected the notion that a war with Iran could become economically unfeasible for the United States, stating "absolutely not" when asked about potential financial limits.
Finance Minister Scott Bessent Angered by Criticism of US Maritime Insurance Program
US Finance Minister Scott Bessent has expressed anger over criticism regarding alleged loopholes in the country's new maritime insurance program for shipping during the Iran war.
Russia will not disclose data on its crude export to India: Kremlin
Kremlin spokesman Dmitry Peskov's comments came hours after U.S. Treasury Secretary Scott Bessent said that Washington has issued a temporary 30-day waiver to allow Indian refiners to purchase Russian oil
US eases sanctions on Russian oil sales to India during Iran conflict
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
US Waiver On India's Russian Oil Purchase: What It Means For Economy
US Treasury Secretary Scott Bessent said the waiver is intended to ensure oil continues flowing into global markets amid the ongoing Iran war.
Bessent says new global tariff will likely increase to 15% from 10% 'sometime this week'
US Treasury Secretary Scott Bessent said Wednesday that a new US global tariff will likely rise to 15 percent from 10 percent "sometime this week," as President Donald Trump's administration is working to replace its emergency tariffs that the Supreme Court recently struck down. Bessent made the remarks in a CNBC interview, as Trump has said his administration will raise the temporary tariff amid efforts to maintain his trade policy following last month's court ruling against his use of the Inte
Watch: Bessent Teases 'Series Of Announcements' To Stabilize Oil; Says Trump's 15% Tariff Will Kick In This Week
Watch: Bessent Teases 'Series Of Announcements' To Stabilize Oil; Says Trump's 15% Tariff Will Kick In This Week Authored by Andrew Moran via The Epoch Times (emphasis ours), President…
Trump's global 15% tariff to be implemented this week
US Treasury Secretary Scott Bessent announced that President Donald Trump's recently proposed global 15% tariff will be implemented this week, also predicting an increase in US customs revenue.
Trump’s new tariffs may boost his ego – but they’ll damage the economy | Steven Greenhouse
The US president’s plan will hurt consumers, companies and the stock market, as well as relations with other countries After the US supreme court overturned Donald Trump’s global tariffs, he had two…
China and US to hold high-level trade talks in Paris before Trump’s Beijing visit
China and the United States will hold a new round of high-level trade talks in Paris at the end of next week, according to sources from both sides, as preparations press on for US President Donald Trump’s visit to China. Led by Chinese Vice Premier He Lifeng and US Secretary of the Treasury Scott Bessent, the two delegations will meet in the French capital to discuss trade and investment deals – including on tariffs, investment, soybean and rare earth – that would be presented as deliverables...
US Sanctions Spark Protests and Economic Crisis in Iran
Treasury Secretary Scott Bessent admitted that US sanctions contributed to a dollar shortage and inflation in Iran, leading to recent protests.
Trump Alleges Supreme Court Corruption by Foreign Influence
Donald Trump has made a serious allegation, claiming that the Supreme Court has been corrupted by foreign influence, without providing specific details.
Treasury Secretary Bessent Advises Adjusting Paycheck Withholding, Experts Caution
Treasury Secretary Scott Bessent has recommended that workers adjust their paycheck withholding, though experts caution that errors in this process could potentially lead to an unexpected tax bill.
White House Will Not Renew Russian Oil Sanctions Waiver
The White House has announced it will not renew the waiver for Russian oil sanctions, a decision defended by U.S. Treasury Secretary Scott Bessent, who previously argued the temporary waiver prevented a significant price spike.
Scott Bessent Praises Fed's 'Watch and Wait' Stance on Interest Rates Amid Geopolitical Uncertainty
Scott Bessent supports the Federal Reserve's current approach to interest rates, citing the ongoing uncertainty surrounding the Iran War as a key factor.
Scott Bessent Updates on Trump Accounts and Child Benefit Initiative
US Treasury Secretary Scott Bessent provided an update on "Trump accounts," stating that over 5 million individuals signed up via Form 4547 by the April 15 tax deadline, with a $1,000 child benefit as an initial offering.
China banks buffer against AI contagions as US sweats over Anthropic’s Mythos
With US Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell reported to have held urgent talks over Anthropic’s latest artificial intelligence model, experts are warning that…
Scott Bessent Predicts $150 Billion in US Refunds
Scott Bessent forecasts that "very large refunds" totaling $150 billion are expected to be distributed to American accounts, offering advice on how to manage these funds.
FinanceReutersBBCbloomberg+55NYTwsjAl Jazeeradr-dkcnbchelsingin-sanomattagesschaufaz+47 more23d ago58 sources
Middle East Conflict Fuels Inflation, Hits Consumer Confidence, Prompts Global Economic Measures
The Middle East conflict continues to fuel inflation and impact global economies, leading to growing doubt among UK shoppers and prompting governments like India and Albania to implement measures such as export duties, reduced excise taxes, and price board meetings to stabilize fuel prices. Spanish families are also saving more amidst rising inflation, while European fund managers advise on investment strategies to mitigate risks.
PoliticsReutersbloombergSCMP+12morgunbladiddelfi-ltdigi24index-hrTimes of Indiahindustan-timesjerusalem-postKorea Herald+4 more27d ago15 sources
US Informs Israel of Potential Kharg Island Invasion as Deployment Considered
The US has reportedly informed Israel of a potential ground military operation to seize Iran's Kharg Island, while Treasury Secretary Scott Bessent previously indicated that military deployment to the island is a possibility as the US considers escalating attacks in the Iran War.
Scott Bessent calls out 'terrible framing' during clash with NBC News host on Iranian oil
Scott Bessent accused NBC's Kristen Welker of "terrible framing" during an exchange about Iranian oil on Sunday, as the host pressed the treasury secretary on why the U.S. lifted sanctions.
US Treasury Chief Affirms Ample Funds for Iran War Despite Opposition
US Treasury Secretary Scott Bessent has reiterated that the United States possesses ample funds to finance the Iran war, even as a $200 billion additional funding request faces stiff opposition in Congress.
US lifts sanctions on Iranian oil at sea in bid to ease supply pressures
Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
US Treasury Secretary Bessent Suggests Lifting Sanctions on Iranian Oil
US Treasury Secretary Scott Bessent stated that the US may soon remove sanctions on Iranian oil stranded on tankers, an action he believes will increase oil supply and lower prices, though long-term effects remain uncertain.
Trump Minister Confirms Plan to Use Iranian Oil Against Iran, Lift Sanctions
Former Trump administration official Scott Bessent confirmed that the United States could soon lift sanctions on Iranian oil currently held on tankers. The plan aims to leverage Iranian oil resources against Iran itself.
Bessent pushes back on CNBC reporter over Trump’s Russian oil strategy
Scott Bessent challenged CNBC’s framing of global oil shortages, arguing markets remain supplied despite disruptions tied to the Iran conflict.
Les discussions avec Pékin à Paris ont été «constructives» et «montrent la stabilité de la relation», dit Bessent
Les discussions «ont été constructives et montrent la stabilité de la relation» entre les deux pays, a dit Scott Bessent à des journalistes, à l’issue de deux jours de discussions.
PoliticsNYTThe GuardianSCMP+14vgdigi24index-hrYahooTimes of Indiahindustan-timesstraits-timesjerusalem-post+6 more1mo ago17 sources
Venezuela and Colombia Cancel Presidents' Meeting Citing 'Force Majeure'
A planned bilateral meeting between Colombia and Venezuela was abruptly called off, with both nations citing 'force majeure'. This cancellation followed a phone conversation between Colombian President Gustavo Petro and US President Donald Trump, and also affected the Venezuelan leader's first foreign trip.
Treasury Secretary Scott Bessent abruptly halts interview after Trump calls him to Situation Room
In the interview, Scott Bessent said that he would ‘trust’ his child’s life in President Trump’s hands
How JPMorgan became the latest Wall Street firm to have its research in Scott Bessent’s crosshairs
JPMorgan thinks the DFC cannot offer adequate insurance to all the vessels presently hoping to transit the Strait of Hormuz without a change in legislation from Congress. Bessent disagrees.
Weitere Luftangriffe gegen den Iran, USA erwägen Sanktion gegen russisches Öl zu lockern
US-Handelsminister Scott Bessent kann sich damit vorstellen, damit auf die angespannte Lage am Ölmarkt zu reagieren. Unterdessen setzten die USA und Israel ihre Angriffe auf den Iran fort
US considers lifting sanctions on Russian oil – US treasury secretary
US Treasury Secretary Scott Bessent said the administration is exploring the possibility of easing sanctions on Russian oil to boost global supply and prevent shortages.
US eases sanctions on Russian oil sales to India during Iran conflict
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
BusinessThe Guardianberlingskerzeczpospolita+4hindustan-timesindian-expressnaftemporikichannel-news-asia1mo ago7 sources
US grants waiver to allow India to buy Russian oil amid Iran war
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipments The US treasury issued a 30-day waiver on Thursday allowing India to buy Russian oil currently stuck at sea. “To enable oil to keep flowing into the global market, the treasury department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” treasury secretary Scott Bessent said in a statement posted to social media. Continue reading...
Trump Administration Considers Raising Tariffs to 15%
US Treasury Secretary Scott Bessent indicated that President Trump's plan to raise universal tariffs to 15% could be implemented this week, with authorities aiming to reinstate previous tariffs within five months.
US Treasury Chief Announces Imminent 15% Global Tariff
US Treasury chief Scott Bessent stated that Donald Trump is expected to implement a new 15% global tariff this week, following a Supreme Court ruling that invalidated his previous country-specific tariffs.
US Treasury Secretary Criticizes Spain's NATO Role
Scott Bessent, tasked by Trump to sever trade ties with Spain, stated that Spain 'acted terribly' and was 'taking advantage' within the NATO framework, putting American lives at risk.
Les droits de douane américains devraient passer à 15% cette semaine
Les droits de douane imposés aux produits entrant aux Etats-Unis devraient passer "à un moment cette semaine" à 15%, a annoncé mercredi le secrétaire américain au Trésor, Scott Bessent, lors d'une…
Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress
Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress Senators Ted Cruz and Tim Scott are asking Treasury Secretary Scott Bessent to unilaterally implement a major capital gains tax cut -- by letting taxpayers adjust their cost basis to account for the effects of inflation. In a letter they intended to send on Tuesday, the pair will argue that it's within Bessent's authority to make such a move, without the need for legislation, “Using your executive auth...
Trump's sanctions on Iran have dramatically effected its economy and led to protests
Treasury Secretary Scott Bessent admitted that Washington helped spark recent protests in Iran by creating a U.S. dollar shortage, leading to runaway inflation.
Treasury: Trump Accounts Sign Up 3 Million Kids in Early Push
Treasury Secretary Scott Bessent announced that approximately 3 million children have signed up for Trump accounts in an early push.
Scott Bessent Offers Advice for Americans to Unlock More Cash
Financial expert Scott Bessent suggests a specific change that could help Americans unlock more cash on a weekly or monthly basis.
US Sanctions Intensify Tensions with Iran Over Strait of Hormuz Oil Trade
US sanctions against Iran's oil industry have intensified tensions, particularly concerning the Strait of Hormuz, a critical shipping lane. Iran has responded with proposals for safe passage and threats against US vessels if control of the strait is challenged.
Bessent Keeps Running Tally Of China As "Unreliable Global Partner" - Count Now Stands At Three
Bessent Keeps Running Tally Of China As "Unreliable Global Partner" - Count Now Stands At Three Treasury Secretary Scott Bessent told reporters Tuesday that Beijing’s panic hoarding of…
U.S.-Britain political ties under significant strain with King Charles's state visit looming
British Finance Minister Rachel Reeves was not backing away from her criticism of the Iran war as "folly," even as she prepared to meet Treasury Secretary Scott Bessent and other U.S.
Anthropic’s Mythos is changing everything we knew about AI – Alarm over cyberattacks, what banks and Wall Street fear
The software managed to identify vulnerabilities that no one had found for decades in systems known for their security – An unprecedented risk of cyberattacks if it falls into the wrong hands The…
US Treasury Sell-Off Mounts Amid Market Concerns
A significant sell-off in US Treasury bonds is mounting, with an expert suggesting that Scott Bessent could help hold off 'bond vigilantes' amidst the market volatility.
US Officials Defend Iran Strategy; Ted Cruz Urged Pre-War Strike
US Treasury Secretary Scott Bessent has defended the strategy of 'escalating to de-escalate' against Iran, stating that obliterating its power plants is the 'only language' the regime understands. Senator Ted Cruz reportedly urged Donald Trump to launch an Iran strike the day before the war.
Trump's administration estimates Russia's potential gains from sanctions relief
US Treasury Secretary Scott Bessent says relaxing restrictions on Russian oil may bring limited additional revenue to Moscow due to lower global prices.
Reactions to Trump's Celebration of Robert Mueller's Death Draw Criticism and Calls for Empathy
An expert criticized Donald Trump’s gloating reaction to Robert Mueller's death as a 'debasement of public life,' while Scott Bessent suggested people should have 'empathy' for Trump after the president celebrated Mueller's passing.
US Treasury Secretary Discusses Iran War Funding
US Treasury Secretary Scott Bessent stated that the US has "plenty" of funds for the Iran war but is seeking more from Congress, while dismissing questions about possible tax increases.
World1mo ago
Could the US really release more of its strategic oil reserves?
Desperation, thy name is Scott Bessent
US considers lifting sanctions on some Iranian oil
Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.
World1mo ago
Treasury chief says US may ‘unsanction’ Iran oil already being shipped
US Treasury Secretary Scott Bessent said Thursday that Washington might "unsanction" Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East. The post…
Iran earns oil windfall as US turns blind eye
Treasury secretary Scott Bessent says White House is prepared to tolerate the trade to avoid supply shortages
"President Wants You": Trump Summons US Treasury Secretary Mid Live Interview
US Treasury Secretary Scott Bessent left a live Sky News interview after being urgently summoned to meet US President Donald Trump at the White House.
Trump Official Comments on India's Waiver for Russian Oil
Scott Bessent, a Trump official, acknowledged concerns but stated that a 30-day waiver for India to buy oil from Russia is 'inevitable,' hoping Russia's benefit would be 'micro period.'
Midt i et interview blev Scott Bessent afbrudt: »Præsidenten vil se dig med det samme«
Michigan Lawmaker Calls for Probe into Chinese Auto Market Expansion
A Republican lawmaker from Michigan has urged Scott Bessent to investigate the expansion of Chinese influence in the US automotive market.
'Cowardly and compromised': Congress slams government after U.S.’ ‘gave India permission’ remark
Congress general secretary in charge of communications, Jairam Ramesh, said U.S. Treasury Secretary Scott Bessent has given the Modi government its certificate for faithfully following President…
Yhdysvallat sallii Intian ostaa venäläistä öljyä
Kyseessä on lyhytaikainen toimi, jonka tarkoituksena on sallia öljyn virtaaminen markkinoille, sanoo Scott Bessent.
USA: Indien darf zeitlich begrenzt russisches Öl kaufen
US-Finanzminister Scott Bessent erteilt eine 30-tägige Ausnahmegenehmigung, um sicherzustellen, dass weiterhin Öl auf den Weltmarkt gelangt.
U.S. issues 30-day waiver to allow India to purchase Russian oil amid West Asian supply woes
Scott Bessent said the move aims to enable oil to keep flowing into the global market amid the war in West Asia that has disrupted oil supply
Trump’s 15% global tariffs likely to start this week, US Treasury chief says
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tariffs. The president last month imposed a 10 per...
Higher tariffs likely this week, says US Treasury
Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.
Bessent Says Global Tariffs Will Rise to 15% This Week
Treasury Secretary Scott Bessent predicted that overall tariff rates, which fell after a Supreme Court ruling last month, would be back to previous levels within five months.
Trumpov ministar: U potpunosti kontroliramo nebo nad Iranom
SJEDINJENE Američke Države preuzele su potpunu kontrolu nad iranskim nebom, izjavio je američki ministar financija Scott Bessent u intervjuu za CNBC.
Why Scott Bessent Is So Worried About The Japanese Yen - Forbes
Why Scott Bessent Is So Worried About The Japanese Yen Forbes
'We are concerned': Scott Bessent says Treasury is keeping a close eye on the private credit market
Scott Bessent indicates that the Treasury is closely monitoring the private credit market due to growing concerns.
Scott Bessent Emphasizes Essential Skills for Future Workforce Amid Economic Shifts
Scott Bessent, a prominent economic figure, has highlighted the critical skills workers will need by 2026 and beyond, in response to significant economic transformations.