scott bessent

Bessent said the K-shaped economy 'is over.' Here's what financial experts say

By Maria Ramirez Uribe

U.S. Treasury Secretary Scott Bessent testifies before the Senate Finance Committee, in Washington, D.C.

Treasury warns banks of 'red flags' tied to customers in the U.S. illegally

The Financial Crimes Enforcement Network — also known a FinCEN — issued an advisory Friday to banks that tells them to watch out for identity theft, payroll tax fraud, and money laundering schemes tied to hiring unauthorized workers.

By Fatima Hussein, Ken Sweet, Associated Press

U.S. Treasury Secretary Bessent testifies on Capitol Hill, in Washington

WATCH: Bessent returns to the Hill to face more questions on Trump's IRS deal

Treasury Secretary Scott Bessent was back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity…

By Associated Press

WATCH: Bessent recalls telling acting intelligence director Pulte he was 'going to kick his ass'

Bessent said he made the comment in the summer of 2025. President Donald Trump named Pulte acting director of national intelligence this week.

By Maria Ramirez Uribe

WATCH: Bessent refuses to tell Senate panel whether Trump remains exempt from IRS audits

“There’s continuing litigation, and I’m unable to comment on ongoing litigation,” Bessent told lawmakers at the Senate Finance Committee hearing.

By Fatima Hussein, Associated Press

Key inflation gauge worsens as Americans' income and spending power erodes

By Christopher Rugaber, Paul Wiseman, Associated Press

A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.

Bessent says Trump Accounts app coming Thursday

By Associated Press

A provision of Trump’s tax legislation, Trump Accounts are meant to give $1,000 to every newborn, so long as their parents open an account.

WATCH: $250 bill with Trump's picture is up to Congress, Bessent says at White House briefing

By Associated Press

Treasury Secretary Scott Bessent said Thursday the $250 bill with President Donald Trump's picture is up to Congress, where legislation to allow a new currency note has stalled.

WATCH: Trump explains why he postponed signing AI executive order

By Collin Binkley, Matt O'Brien, Associated Press

President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America’s edge on AI technology.