Scott Bessent, Treasury Secretary
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Putin, Trump and Scott Bessent
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Treasury Secretary Scott Bessent said interviews for 11 Federal Reserve chair candidates will start around Labor Day as the White House searches for Jerome Powell's replacement.
The Trump administration is considering taking a 10% equity stake in Intel, converting $10.9 billion in CHIPS Act grants into ownership. This move aims to stabilize Intel for domestic chip production and ensure taxpayers benefit from the investment.
Treasury Secretary Scott Bessent indicated that the US is satisfied with the current tariff arrangement with China, a signal the Trump administration is looking to keep ties calm before a trade truce expires in November.
Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks.
Housing affordability crisis deepens as Treasury Secretary Bessent announces plans to address mortgage rates through potential sale of government stake in Fannie Mae and Freddie Mac
Trump’s Treasury Secretary Scott Bessent has failed to divest his financial holdings, the government’s ethics watchdog has warned Bessent, a former hedge fund manager, has a net worth of around $600 million, according to Forbes.
Treasury Secretary Scott Bessent told Fox News on Tuesday that the United States has had very good talks with China regarding tariffs as the countries attempt to reach a
Mr Bessent’s remarks indicate that an easing of tensions between the two sides remains in place. Read more at straitstimes.com. Read more at straitstimes.com.
U.S. Treasury Secretary Scott Bessent has reversed course, saying the government will explore budget-neutral ways to buy Bitcoin for its Strategic Bitcoin Reserve—just a day after ruling out purchases.