Scott Bessent News

Bessent Argues Against the Need for a Central Bank Digital Currency in the US

Scott Bessent, nominated as US Treasury Secretary, believes there's no need for a central bank digital currency in the US, citing the availability of secure assets and the importan...

Scott Bessent Calls China's Economy the Most Unbalanced in World History

Treasury Secretary nominee Scott Bessent labels China's economy as the most unbalanced in world history, highlighting its trade surpluses used to bolster military strength. He call...

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...