Jun 12 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. Continue reading
Jun 11 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. Continue reading
May 21 Trump's tariffs will test U.S. allies at G7 finance ministers' summit By Christopher S. Rugaber, Associated Press The annual meetings of the Group of 7 finance ministers, known as the G7, are typically congenial and in previous years have produced joint commitments to combat inflation and counter the COVID pandemic. There may be less agreement this year. Continue reading
May 18 Bessent acknowledges Trump's tariffs may mean shoppers will pay more at Walmart By Josh Boak, Associated Press Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices. Continue reading
May 12 U.S. and China reach temporary deal to reduce sky-high tariffs for 90 days, plan more talks By Jamey Keaten, David McHugh, Elaine Kurtenbach, Ken Moritsugu, Associated Press Stock markets rose sharply as the globe's two major economic powers took a step back from a clash that has unsettled the global economy. Continue reading
May 07 China agrees to trade talks with the U.S. and rolls out more stimulus as tariffs hit economy By Ken Moritsugu, Elaine Kurtenbach, Associated Press President Donald Trump's tariffs, set as high as 145 percent on imports from China, have begun to take a toll on its export-dependent economy at a time when it's already under pressure from a prolonged downturn in the property sector. Continue reading
May 07 WATCH: Treasury Secretary Bessent testifies on the international financial system amid trade wars By Associated Press Bessent is expected to testify before the House Financial Services Committee at 10 a.m. EDT. Watch live here. Continue reading
May 06 WATCH: Treasury Secretary Bessent testifies on the White House's 2026 budget request By Associated Press Treasury Secretary Scott Bessent testified on Capitol Hill Tuesday for the first time since his confirmation in January. Continue reading
Apr 29 WATCH: Bessent defends Trump's 'strategic uncertainty,' says certainty 'not necessarily a good thing in negotiating' By Associated Press Treasury Secretary Scott Bessent said Tuesday that the economic uncertainty upending global financial markets is a tool President Donald Trump can use as he negotiates tariffs and trade deals… Continue reading
Apr 28 WATCH: White House holds news briefing with Bessent, announcing Trump will relax some auto tariffs By Associated Press “President Trump has had meetings with both domestic and foreign auto producers, and he’s committed to bringing back auto production to the U.S.,” Treasury Secretary Scott Bessent said. “So we want to give the automakers a path to do that,… Continue reading