Scott Bessent News

Bessent Announces Tariff Numbers for Targeted Countries Effective April 2

US Treasury Secretary Scott Bessent announced that targeted countries will receive specific tariff numbers by April 2. He also discussed the economy's health and Trump's directive ...

Bessent Announces Tariff Numbers for Each Country Starting April 2 Amid Trade Restrictions

US Treasury Secretary Scott Bessent announced that each country affected by US trade restrictions will be assigned a tariff number starting April 2. He discussed the economic outlo...

April 2 Tariff Announcement: What Countries Will Face New US Trade Restrictions?

US Treasury Secretary Scott Bessent announced that countries facing US trade restrictions will be assigned tariff numbers by April 2. While some tariffs may be low, 15% of countrie...

Wall Street Bounces Back: Dow Surges 350 Points as Tariff Fears Subside

The Dow Jones Industrial Average experienced a significant surge, gaining 350 points as Wall Street recovers from tariff fears. Better-than-expected retail sales data and comments ...

Bessent Warns: Largest Tax Hike in US History Looms Without Immediate Legislative Action

US Treasury Secretary Scott Bessent warns of the largest tax hike in history if the tax bill isn't passed, emphasizing the need for economic deregulation and lower energy costs to ...

Ripple CEO Reflects on Trump's Election Impact: A Game-Changer for Crypto?

Ripple CEO Brad Garlinghouse discusses the impact of President Trump's election on the crypto industry, the potential of XRP becoming a US strategic reserve asset, and the importan...

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...