scott bessent

WATCH: Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates

By Fatima Hussein, Christopher Rugaber, Associated Press

Scott Bessent testifies before a House Financial Services Committee, in Washington

WATCH: Treasury Secretary Bessent testifies on U.S. financial stability in House hearing

A hearing about oversight of the U.S. financial system devolved into insults several times Wednesday as Treasury Secretary Scott Bessent clashed with Democratic lawmakers over fiscal policy, the business dealings of the Trump family and other issues.

By Fatima Hussein, Associated Press

U.S. President Donald Trump at the White House in Washington

WATCH: Trump, Bessent, Nicki Minaj and others speak at 'Trump accounts' launch event

A U.S. Treasury event Wednesday brings together an assortment of politicians and celebrities — from Texas Republican Sen. Ted Cruz to rapper Nicki Minaj — to discuss the program and its potential impact on the economy.

By Makiya Seminera, Moriah Balingit, Associated Press

Last-minute scramble over pay takes a toll on military families during the shutdown

The government shutdown is exacting a heavy mental toll on the nation's military families, leaving them not knowing from week to week whether their paychecks will arrive.

By Ben Finley, Associated Press

Australia's Prime Minister Albanese visits Washington, D.C.

U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

This rapid debt accumulation is the fastest outside of the COVID-19 pandemic, with the debt having reached $37 trillion in August.

By Fatima Hussein, Associated Press

WATCH: Bessent says Trump still expects to meet Chinese leader as trade tensions increase

By Associated Press

Resurgent trade tensions have threatened ongoing negotiations over tariffs between the U.S. and China.

Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts

By Christopher Rugaber, Associated Press

Economists said Federal Reserve Chair Jerome Powell's remarks solidified expectations for further rate cuts, starting at its next meeting.

What we know about Trump's Fed chair candidates so far

By Fatima Hussein, Associated Press

President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy.

WATCH: Bessent appears before House committee as Congress considers Trump's tax bill

By Fatima Hussein, Associated Press

Treasury Secretary Scott Bessent and other Republicans say that the U.S. could head toward economic catastrophe if the measure is not passed.

WATCH: Bessent testifies on Treasury Department priorities after U.S.-China trade talks

By Associated Press

Testifying in front of the House Ways and Means committee Wednesday, Bessent was also asked about Trump’s stated desire to punish Harvard University and other nonprofit organizations by directing the IRS to revoke their tax-exempt status.