Apr 15 WATCH: Bessent warns that U.S. is launching 'financial equivalent' of bombing Iran By Associated Press The warning comes the day after Treasury Department sent a letter to financial institutions in China, Hong Kong, the United Arab Emirates, and Oman, threatening to levy secondary sanctions for doing business with Iran. Continue reading
Mar 13 U.S. Treasury Secretary will meet China's vice premier in Paris ahead of Trump's visit to Beijing By Didi Tang, Associated Press It comes after Trump and Chinese President Xi Jinping met last year and agreed to a one-year truce in a trade war that temporarily saw tit-for-tat tariffs soar to triple digits before the two sides climbed down. Continue reading
Feb 12 Data of thousands of taxpayers wrongly shared with DHS, court filing says By Fatima Hussein, Associated Press The revelation stems from a data-sharing agreement signed last April by Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem, which allows U.S. Immigration and Customs Enforcement to submit names and addresses of immigrants inside the U.S. illegally to… Continue reading
Feb 05 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 Treasury Secretary Scott Bessent said Thursday it would be “up to the president” to decide whether or not to sue Kevin Warsh, Donald Trump's nominee to lead the Federal Reserve, if he fails to lower interest rates. Continue reading
Feb 04 WATCH: Treasury Secretary Bessent testifies on U.S. financial stability in House hearing By Fatima Hussein, Associated Press 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. Continue reading
Jan 28 WATCH: Trump, Bessent, Nicki Minaj and others speak at 'Trump accounts' launch event By Makiya Seminera, Moriah Balingit, Associated Press 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. Continue reading
Oct 30 Last-minute scramble over pay takes a toll on military families during the shutdown By Ben Finley, Associated Press 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. Continue reading
Oct 23 U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic By Fatima Hussein, Associated Press This rapid debt accumulation is the fastest outside of the COVID-19 pandemic, with the debt having reached $37 trillion in August. Continue reading
Oct 15 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. Continue reading
Oct 14 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. Continue reading