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The Latest Breaking News from Scott Bessent

The most troubling feature of the job market is how thinly spread gains are, top economist says — 'this only happens when the economy is in recession'

"Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero job growth."

Fortune

U.S. may have to refund half its tariff revenue as high-stakes court battle threatens to wreak havoc on the deficit and bond market

"This alone would raise further concerns about the fiscal outlook and likely push bond yields higher."

Fortune

U.S. economy should take off by fourth quarter, Bessent predicts

The government's own data says inflation's up and the job market's weakening, but Bessent sees otherwise.

Axios

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SCOTUS loss would lead to huge Trump tariff refunds, Bessent warns

The government is collecting more than $30 billion a month in tariffs at this point.

Axios

Swiss Minister Eyes 'Opportunity' After US Tariff Talks

Switzerland's vice president said Saturday he had had "constructive meetings" with senior US officials as the country tries to navigate the massive import tariffs imposed by US President Donald Trump.

International Business Times

Scott Bessent Says 'Fed Must Change Course' As Trump Weighs Jerome Powell Successors, Treasury Secretary Calls For 'Nonpartisan Review'

U.S. Treasury Secretary Scott Bessent escalated his criticism of the Federal Reserve on Friday, urging sweeping reforms and accusing the central bank of driving inflation and inequality while President Donald Trump weighs successors to Fed Chair Jerome Powell.

Benzinga

Kyrgyzstan's Bakai Bank Courts US Treasury's Scott Bessent and Wall Street Heavyweights for Investment Ties

Kyrgyzstan's Bakai Bank CEO Umut Abakirova met with U.S. Treasury Secretary Scott Bessent and executives from major U.S. financial firms, including BlackRock, Bank of America, and KPMG, to position the Central Asian nation as a hub for American investment in emerging markets.

International Business Times

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After India, Trump Accuses Europe Of Funding Ukraine War Through Russian Oil, Urges Economic Pressure On China: Report

President Donald Trump has reportedly accused European leaders of indirectly funding the war in Ukraine by purchasing Russian oil. He has urged them to cut off Russia and pressurize China to do the same.

Benzinga

A Silver Lining in Trump’s ‘Big Ugly Bill’

The expansion of tax credits in his signature legislation could help California meet its desperate need for affordable housing.

Capital & Main

Trump Admin Asks Supreme Court For 'Expedited' Ruling On Tariffs

President Donald Trump's administration asked the US Supreme Court on Wednesday for an expedited ruling preserving the tariffs that have roiled global markets, saying a lower court ruling against it has already damaged trade negotiations.

International Business Times

Trump Administration Appeals 'Illegal' Tariff Ruling To Supreme Court; Asks For Swift Action

President Donald Trump has urged the Supreme Court to swiftly take up and rule on his administration's appeal of a federal court decision last week that struck down most of his tariffs as "illegal."

Benzinga

U.S. Sanctions Iraqi-Led Network Smuggling Iranian Oil Worth $300M

The U.S. Treasury sanctioned Iraqi businessman Waleed al-Samarra'i and his companies for smuggling Iranian oil disguised as Iraqi crude, a $300M operation funding Tehran's regime.

International Business Times

The canary in the coal mine is singing as global bond selloff raises national debt concerns

Global bond yields surge toward multi-decade highs as U.S., U.K., and French debt concerns mount, while gold hits a record $3,537 amid investor flight.

Fortune

'You See The Stock market. This Decision Is An Emergency,' Says Trump Ahead Of Tariffs Ruling Appeal, Slams Foreign Nations For Lawsuit

President Donald Trump expressed his concerns about the potential economic consequences if the Supreme Court rules against his tariff policy.

Benzinga

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Benzinga

Scott Bessent Says Trump Tariffs Delivering 'Historic Results,' GDP Growth Could Hit 5% — Justin Wolfers Hits Back: 'Ask American Manufacturers'

Treasury Secretary Scott Bessent is doubling down on the potential economic upsides of the tariffs, predicting massive revenue growth for the U.S. Government, alongside a boost to the domestic economy.

Reason

The Trump Administration's Fake Housing Emergency

The results of America's overly burdensome housing regulations aren't great. But they're not an "emergency."

Benzinga

Scott Bessent Slams Russia For Continued 'Despicable' Attacks On Ukraine, Warns Of Upcoming Sanctions As Putin Blames West

Treasury Secretary Scott Bessent has indicated that the United States is considering imposing sanctions on Russia due to its ongoing attacks on Ukraine.

Benzinga

Scott Bessent Drafting Supreme Court Brief To Uphold Trump Tariffs, Warns US Economy Near 'Tipping Point'

Treasury Secretary Scott Bessent has revealed plans to prepare a defense of the Trump administration’s tariffs. This move is in anticipation of a potential Supreme Court ruling on the legality of these tariffs.

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Benzinga

Who's Eligible For Trump's 'No Tax On Tips'? Treasury Department Unveils List Of Over 60 Jobs: Report

The U.S. Treasury Department has unveiled a list of 68 jobs that reportedly qualify for a new tax deduction under the “no tax on tips” pledge in President Donald Trump‘s “big, beautiful bill.”

The Guardian - UK

Putin claims he never opposed EU membership for Ukraine but draws line at Nato – as it happened

Russian leader, continuing China visit, is joined by Slovakia’s Robert Fico

Benzinga

Trump's Tariffs 'Shredded' Decades Of West's Efforts To Wean India Away From Moscow, Says John Bolton

Former national security adviser John Bolton sharply criticized President Donald Trump's tariff strategy on Monday, arguing it has undermined decades of Western efforts to draw India closer and counter China's rise.

The Independent UK

Ukraine-Russia war latest: Trump ‘very disappointed’ with Putin as Kremlin accused of building up forces on frontline

Putin also claimed Moscow has never opposed Ukraine's potential membership of the European Union

Benzinga

Trump Administration Tells American Workers: 'We Fight For You' — Obama, Bessent And Others Flood Social Media With Labor Day Posts

Political leaders marked Labor Day 2025 with messages honoring American workers, while massive demonstrations in more than 900 cities highlighted tensions over tariffs, inequality and the policies of the Donald Trump administration.

The Guardian - US

Trump news at a glance: Bessent says markets not worried by Fed interference as Lagarde warns of ‘danger’

European Central Bank president Christine Lagarde says Trump undermining Federal Reserve could impact global economy. Key US politics stories from Monday 1 September

Benzinga

Trump Administration Weighs National Housing Emergency As Costs Bite

Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall, reviving a measure last used during the 2008 financial crisis as affordability concerns mount and Republicans prepare for the 2026 midterms.

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