Treasury Secretary News

China's New Tariffs Spark Surge in US Bond Yields, Stirring Market Uncertainty

US bond yields surged as China imposed higher tariffs on US goods, exacerbating trade tensions and causing market volatility. Treasury Secretary Bessent predicts market stabilizati...

China's New Tariffs Spark Surge in US Bond Yields, Wall Street Reacts Sharply

China's announcement of increased tariffs on US goods to 84% has led to a surge in US Treasury yields and a downturn on Wall Street. Treasury Secretary Scott Bessent anticipates ma...

China's New Tariffs Spark Surge in US Bond Yields, Wall Street Reacts

China's announcement of increased tariffs on US goods to 84% has led to a rise in US bond yields and a downturn in Wall Street. Treasury Secretary Scott Bessent predicts market sta...

President Trump Initiates Creation of US Sovereign Wealth Fund to Boost National Investments

President Donald Trump has signed an executive order to establish a US sovereign wealth fund, aiming to invest in national projects for the benefit of all Americans. Treasury Secre...

Bessent Advocates for Stronger Sanctions on Russia Amid Ukraine Conflict

Scott Bessent, nominated for Treasury Secretary, supports stronger sanctions against Russia, focusing on its oil sector. He criticizes current sanctions as inadequate and influence...

Bessent Assures No US Debt Default if Confirmed as Treasury Secretary

Scott Bessent, Trump's nominee for Treasury Secretary, assured that the US will not default on its debt if he is confirmed. He supports removing the debt limit, a stance criticized...

Trump's Treasury Nominee Emphasizes the Importance of Dollar's Global Reserve Status Amid Economic Challenges

Scott Bessent, Trump's Treasury nominee, stresses the importance of maintaining the U.S. dollar's global reserve status amidst economic challenges, including an affordability crisi...

Senate to Grill Trump's Treasury Nominee Bessent in High-Stakes Hearing on January 16

The US Senate Finance Committee is set to hold a confirmation hearing for Scott Bessent, President-elect Donald Trump's Treasury Secretary nominee, on January 16. The hearing follo...

Bitcoin Surges Above $97K: What's Driving the Rally?

Bitcoin rallied past the $97,000 mark on Wednesday, rebounding from a temporary pullback earlier this week. The retreat was likely driven by investor profit-taking as the digital a...