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The Latest Breaking News from Scott Bessent

Musk staffer lands top Treasury gig

Tom Krause, a former executive involved in Elon Musk's DOGE, is the new financial assistant secretary at the Treasury

Salon

What do Trump’s tariffs mean for US-China trade?

The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new deal

The Guardian - UK

Trump gives DOGE new marching orders as Japan’s Ishiba tries a little flattery - Roll Call

President Trump was praised by his Japanese counterpart Friday as he handed out new marching orders to Elon Musk and his DOGE team.

Roll Call

From analysis to the latest developments in health,
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Trump Administration Disbands Programs Targeting Russian Oligarchs And Influence

Trump administration disbands Task Force KleptoCapture, shifts focus to combat TCOs and fentanyl trafficking, and revises FARA enforcement strategy.

Top News

USAID Unions Sue Trump Administration, Citing 'Unconstitutional Actions'

The lawsuit names President Donald Trump, along with Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and their departments as defendants.

International Business Times

Treasury Secretary's New Plan To Lower Interest Rates

Treasury Secretary Bessent introduces a new strategy to target long-term interest rates, distinct from the Federal Reserve's typical approach. President Tr...

Top News

Senate Democrats Demand Meeting With Treasury Secretary Over Elon Musk

Senate Democrats demand meeting with Treasury Secretary over Elon Musk's access to federal payment systems, raising concerns and prompting alarm among offi...

Top News

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Judge Pauses Musk Plan For Mass Cull Of US Govt Workers

The federal judge in Massachusetts ordered a temporary injunction on the plan's deadline -- midnight Thursday -- given by Musk for the country's more than two million government employees. The offer was to quit with eight months' pay or risk being fired in future culls.

International Business Times

Stock Market Today: Investors Respond to the Usual Uncertainty

Stocks surged late but the major indexes closed mixed as the search for market leadership continues.

Kiplinger

US Treasury Imposes Sanctions On Iranian Oil Shipment Network

U.S. Treasury sanctions network aiding Iranian oil shipments to China, targeting individuals and entities.

Top News

Treasury Secretary Says Trump Is Not 'Calling For The Fed To Lower Rates'

Scott Bessent said the president is instead focused on 10-year Treasury Bond yields.

International Business Times

Stocks Muted Before the Open With Focus on U.S. Economic Data and Amazon Earnings

March S&P 500 E-Mini futures (ESH25) are up +0.05%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.08% this morning as investors awaited a new round of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from “Magnificent Seven” member Amazon.

Barchart

Why does Trump want a US sovereign wealth fund?

Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.

Al Jazeera

US Treasury Says Musk Team Has 'Read-only' Access To Payments Data

The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.

International Business Times

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The Guardian - US

Medical debt reforms threatened by Trump pause on new regulations

Treasury secretary paused all work at Consumer Financial Protection Bureau, agency that was enacting reform

International Business Times

Treasury Faces Legal Challenge Over Data-Sharing Deal With Musk's DOGE

The lawsuit, filed in federal court in Washington, followed reports that Treasury Secretary Scott Bessent authorized the data-sharing arrangement with Elon Musk-led DOGE, last weekend.

The Guardian - AU

What is a sovereign wealth fund and why is Trump creating one now?

Designed to invest in the national interest, sovereign wealth funds are typically funded by countries rich in natural resources and it is unclear how a US fund would operate or be financed

The Independent UK

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

Consumer Financial Protection Bureau has been a target of Republicans for years

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Salon

Consumer agency is latest Trump purge

Treasury Secretary Scott Bessent has begun freezing work at the federal agency

The Independent UK

Why Musk's access to the Treasury payment system is so dangerous

Critics sound the alarm after Musk and DOGE allies ‘given access’ to internal Treasury payment system

The Independent UK

Trump orders creation of US sovereign wealth fund, says it could own part of TikTok

President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer

Roll Call

Executive order would establish US sovereign wealth fund - Roll Call

President Donald Trump signed an executive order Monday to begin the process of creating what would be the first U.S. sovereign wealth fund.

International Business Times

Trump Orders Creation Of Sovereign Wealth Fund And Says It Could Purchase TikTok

President Donald Trump is directing the United States to develop a government-owned investment fund.

The Guardian - US

Trump signs order to create sovereign wealth fund that could buy TikTok

President decrees US treasury and commerce departments to create fund after delaying ban of ByteDance-owned app

Top News

Suspect Arrested In Alleged Plot To Kill Government Officials

Court filings reveal a disturbing plot involving a suspect planning to attack government officials at the U.S. Capitol, influenced by a notorious figure.

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