117 stories found
The US House of Representatives passed a resolution to curb President Trump's ability to wage war against Iran, marking a rare bipartisan rebuke. This move highlighted divisions within the Republican party regarding the president's foreign policy decisions.
Scott Bessent has reportedly threatened to impose sanctions in response to a proposal for a shipping toll in the Strait of Hormuz.
US Treasury Secretary Scott Bessent confirmed the extension of the sanctions exemption for Russian oil for an additional month. This decision has drawn comments from EU officials, suggesting a lack of complete agreement within the G7 on Russian sanctions policy.
Scott Bessent forecasts a period of substantial disinflation following what he expects to be one or two more hot inflation reports, emphasizing the transient nature of current inflation.
Scott Bessent is reportedly making a stop in Japan on his way to China, with the reasons for this itinerary being explored.
Downing Street has not denied reports that UK Chancellor Rachel Reeves had a fierce confrontation with her US counterpart, Scott Bessent, during meetings in Washington.
Scott Bessent is urging Americans to stop allowing the IRS to hold onto their cash, suggesting that doing so would result in an 'automatic real wage increase' for them.
The United Arab Emirates has announced its withdrawal from the OPEC+ alliance, a move expected to increase global oil production and reshape geopolitical dynamics, particularly concerning Gulf solidarity and Russia's influence.
EU Trade Commissioner Maroš Šefčovič stated his clear conviction that there will be no additional suspension of sanctions on Russian oil, following discussions with US Treasury Secretary Scott Bessent.
The US government and Pentagon have announced the abolition of mandatory flu vaccination for soldiers. This decision reverses a previous policy requiring service members to receive the influenza vaccine.
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'.
Treasury Secretary Scott Bessent is urging Americans to adjust their tax withholding to increase their immediate take-home pay.
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.
Treasury Secretary Scott Bessent has stated that the Trump administration expects banks to comply with a directive to collect citizenship information from their customers.
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.
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an emergency meeting this week with bank CEOs to warn them about...
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'.
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.
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 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 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."
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.
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.
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 has reportedly defined market panic in a way that inadvertently points to the most significant issue facing artificial intelligence.
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.
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 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.
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.
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
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
US Treasury Secretary Scott Bessent said the waiver is intended to ensure oil continues flowing into global markets amid the ongoing Iran war.
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 Authored by Andrew Moran via The Epoch Times (emphasis ours), President…
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.
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 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...
Treasury Secretary Scott Bessent admitted that US sanctions contributed to a dollar shortage and inflation in Iran, leading to recent protests.
Donald Trump has made a serious allegation, claiming that the Supreme Court has been corrupted by foreign influence, without providing specific details.
Treasury Secretary Scott Bessent challenged Senator Ron Wyden during a budget hearing, bringing up his son's past email communications with Jeffrey Epstein.
A bipartisan bill has been introduced by U.S. senators aiming to restrict the Treasury Department's ability to use the $219 billion Exchange Stabilization Fund to finance foreign allies, specifically targeting Scott Bessent's discretion.
Scott Bessent forecasts a rapid reversal of the recent crude oil price surge, though prediction markets express doubt regarding the accuracy of his outlook.
Financial expert Scott Bessent offers his perspective on the geopolitical situation involving Iran and its potential implications for the global oil market. He provides insights into what might come next for oil prices and supply.
U.S. Treasury Secretary Scott Bessent is scheduled to meet with Japanese Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama, and BOJ Governor Kazuo Ueda during a three-day visit next week.
Several US officials, including Hegseth and the Pentagon chief, affirmed that the ceasefire with Iran remains in effect, even as discussions about a potential Iran war are reported.
Treasury Secretary Scott Bessent concluded Financial Literacy Month by hosting a fair for over 50 D.C. students, featuring games, booths, and vault tours to promote financial education.
US Treasury Secretary Scott Bessent stated that intensified financial pressure and measures to dismantle networks supporting the Iranian economy would soon force Iran to reduce its oil production.
French President Emmanuel Macron visited Athens, pledging military backing for Greece and emphasizing the strengthening of strategic cooperation between the two nations. His visit highlighted the Greek-French alliance and shared European challenges.
The Trump administration is reportedly preparing a new round of tariffs for the summer, with Finance Minister Scott Bessent indicating they aim to restore tariff levels following a setback in the U.S.
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.
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 supports the Federal Reserve's current approach to interest rates, citing the ongoing uncertainty surrounding the Iran War as a key factor.
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.
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 forecasts that "very large refunds" totaling $150 billion are expected to be distributed to American accounts, offering advice on how to manage these funds.
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.
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 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 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.
Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
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.
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.
Scott Bessent challenged CNBC’s framing of global oil shortages, arguing markets remain supplied despite disruptions tied to the Iran conflict.
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.
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.
In the interview, Scott Bessent said that he would ‘trust’ his child’s life in President Trump’s hands
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.
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 Treasury Secretary Scott Bessent said the administration is exploring the possibility of easing sanctions on Russian oil to boost global supply and prevent shortages.
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
‘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...
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 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.
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 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 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...
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 Secretary Scott Bessent announced that approximately 3 million children have signed up for Trump accounts in an early push.
Treasury Secretary Scott Bessent downplayed a reported argument with housing finance director Bill Pulte, calling it a 'locker room' fight and expressing support for Pulte's appointment as acting director of national intelligence.
Top European finance ministers have privately appealed to US Treasury Secretary Scott Bessent, urging the US administration to bring an end to the war with Iran.
Boeing's stock saw gains following hints from Scott Bessent about potential large orders from China, a development linked to the recent meeting between President Trump and Xi Jinping.
South Korean President Lee Jae Myung is scheduled to meet visiting US Treasury Secretary Scott Bessent to discuss issues including US tariffs and the upcoming US-China summit. The meeting is expected to take place this week.
Rachel Reeves and Scott Bessent reportedly had an argument in Washington following criticism from the Chancellor regarding the Iran war, with Ms Reeves asserting she does not work for the US Treasury Secretary.
Scott Bessent, a prominent figure, has a pressing message for all Americans. The details of his message are not specified but are presented as significant.
Chinese Vice-Premier He Lifeng held a video meeting with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, during which China expressed "serious concern" over US restrictions.
A political dispute has erupted between US Treasury Secretary Scott Bessent and Senator Bernie Sanders concerning the invitation of Chinese scientists to a critical AI safety forum, with Bessent advocating against inviting foreign nationals while Sanders supports international cooperation.
US Treasury Secretary Scott Bessent has called on a Senate panel to pass comprehensive legislation for the crypto market, emphasizing the need for a clear regulatory framework.
Emirati officials have reportedly spoken with Treasury Secretary Scott Bessent about accessing dollars, seeking a wartime financial lifeline from the US if the Middle East conflict drags on.
Financial expert Scott Bessent suggests a specific change that could help Americans unlock more cash on a weekly or monthly basis.
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 Treasury Secretary Scott Bessent told reporters Tuesday that Beijing’s panic hoarding of…
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.
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…
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 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.
US Treasury Secretary Scott Bessent says relaxing restrictions on Russian oil may bring limited additional revenue to Moscow due to lower global prices.
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 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.
Desperation, thy name is Scott Bessent
Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.
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…
Treasury secretary Scott Bessent says White House is prepared to tolerate the trade to avoid supply shortages
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.
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.'
A Republican lawmaker from Michigan has urged Scott Bessent to investigate the expansion of Chinese influence in the US automotive market.
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…
Kyseessä on lyhytaikainen toimi, jonka tarkoituksena on sallia öljyn virtaaminen markkinoille, sanoo Scott Bessent.
US-Finanzminister Scott Bessent erteilt eine 30-tägige Ausnahmegenehmigung, um sicherzustellen, dass weiterhin Öl auf den Weltmarkt gelangt.
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
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...
Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.
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.
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
Scott Bessent indicates that the Treasury is closely monitoring the private credit market due to growing concerns.
Scott Bessent, a prominent economic figure, has highlighted the critical skills workers will need by 2026 and beyond, in response to significant economic transformations.