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Bessent mocks Sen Warren, wishes her 'Happy Indigenous Peoples' Day' in response to letter
Scott Bessent accused Elizabeth Warren of having little knowledge about financial markets in a snarky response to her 10-year treasury yield letter.
U.S. treasury secretary to speak at Pennsylvania Chamber of Business and Industry dinner
U.S. Secretary of the Treasury Scott Bessent will be one of the guest speakers during the Pennsylvania Chamber of Business and Industry's annual dinner Monday.
Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win
The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
Scott Bessent compares AI CEOs seeking regulation to Hannibal Lecter
Treasury Secretary Scott Bessent said Silicon Valley doesn't need the government to intervene.
Iran knows US 'is winning' as Operation Economic Outcast inflicts damage, Treasury official says
A top Treasury official told FOX Business that the "absolute isolation" campaign the Treasury is imposing on the Iranian regime has been "really effective."
The Beclowning of Scott Bessent
One iron law of current politics is that nobody who associates themselves with Donald Trump emerges with a shred of credibility. For some, that’s not a big loss — it’s not as if anyone respected Pete Hegseth even before he decided that the key to military success in an age of drones and AI was more testosterone. For others, however, the costs are real. I’m old enough to remember when Marco Rubio was widely considered a reasonable, thoughtful politician. Right now, however, my candidate for the biggest loser is Scott Bessent, the Secretary of the Treasury. Bessent started out with significant reputation to lose: When Trump selected him, this was the headline in the Financial Times: Jason Furman, Barack Obama’s chief economist, described him as a “credible Treasury secretary who has a real understanding of the global economy”. But Bessent has now transformed himself into the Baghdad Bob of bonds. Three weeks ago, after intervening (for reasons that remain somewhat unclear) to support the Japanese yen, Bessent boasted about his ability to move markets and dared investors to bet against his, declaring “I am the house now.” He then tried to push long-term interest rates down, buying 30-year U.S. Treasuries in a move some have compared to paying down part of your mortgage by running up your credit card balance. Here’s how that’s going so far: To get some perspective on how high interest rates have gone, here’s a longer-term perspective: We haven’t seen interest rates this high since the fading days of the dotcom bubble. Why are interest rates hitting new records? The backdrop, as I argued in last Sunday’s primer, is the huge AI-driven investment boom; more on that next week. But the immediate cause of the latest interest rate spike was Trump’s rejection of an Iranian proposal to end the war. This rejection sent crude oil prices, which for a while had fallen considerably, shooting back up: It’s notable, by the way, that oil prices remain high even though a significant amount of oil is now being shuttled through the Strait of Hormuz by night, on smaller vessels. That’s an interesting story, which has a lot to do with the fact that oil from the Hormuz shuttle runs must be transferred to larger vessels before being shipped to markets in Europe and Asia; around 15 percent of the world’s large crude carriers are now parked off the coast of Oman, waiting to be tanked up. This is creating a shipping crunch: But that’s a topic for another day. For now, the point is that with oil still high and refined products, especially diesel, still close to record levels, inflation will remain elevated. And this in turn means that the Federal Reserve will keep short-term interest rates high, an expectation that is feeding into longer-term rates. Hence Bessent’s bond-market humiliation. The truth is that Bessent might not have been able to get interest rates down even in the best of circumstances. But he certainly won’t get anywhere as long as Trump keeps believing that he can somehow convert his Iran debacle into a triumphant victory. And Trump will keep believing that as long as he is surrounded by sycophants who tell him what he wants to hear. Sycophants like, for example, Scott Bessent, who is predicting the imminent collapse of the Iranian economy, possibly within two weeks. Bessent is right to say that the embargo on Iranian oil exports is placing the country under great economic strain. But his implicit prediction that this will quickly produce a deal that Trump can call victory looks no more plausible than his boasts about the bond market. The big question now is, why would anyone with a reputation to lose work for Donald Trump? As the beclowning of Bessent shows, joining the Trump team won’t just damage your reputation; it will utterly destroy it.
What to know about Trump’s meeting with China’s Xi and the economic stakes
Treasury Secretary Scott Bessent said the U.S. and China have agreed to extend a trade truce. Here’s a guide to what else is happening behind the scenes.
U.S. and China Agree to Extend Trade Truce by 2 Months, Bessent Says
The Treasury secretary, who is leading talks with China, said the countries had agreed to extend a trade truce until January.
Breaking | Bessent and He meet again for ‘some unfinished business’ as Xi summit nears
US Treasury Secretary and Chinese Vice Premier held an unscheduled meeting in Washington on Wednesday following Sunday’s trade talks.
US proposes AI incident notification mechanism before Trump-Xi summit
Treasury Secretary Scott Bessent proposed an AI notification mechanism for national security ahead of Trump-Xi talks.
Bessent: US proposes AI incident alert system in talks with China
The U.S. is proposing a new notification system with China for artificial intelligence incidents that could threaten national security. Treasury Secretary Scott Bessent announced the plan on Sunday after talks
Commentary: Will Iran become a two-front war?
When U.S. Treasury Secretary Scott Bessent announced a new economic pressure campaign on Iran last month, the goal was simple: Keep the squeeze on Tehran’s economy without resorting to the
Bessent defends Trump economic record in House hearing
Bessent faced tense exchanges with lawmakers
Bessent defends Trump economic record in House hearing
Bessent faced tense exchanges with lawmakers
Bessent says US needs more open-source AI models to compete with China
Treasury Secretary Scott Bessent cited Anthropic's Mythos model as a step toward AGI and urged Congress to develop open source AI against China.
The time Scott Bessent tried to outsmart the bond market
Scott Bessent joined the Trump administration last year armed with formidable experience in markets, the widespread respect of Wall Street and limitless confidence.
Lone Star Politics: Sept. 13, 2026
Lone Star Politics is looking at the big headlines from the RNC midterm convention. Plus, a sit down conversation with U.S. Treasury Secretary Scott Bessent.
Bessent’s political turn in GOP speech tests his bond-market credibility
Treasury Secretary Scott Bessent's planned Republican convention speech in Dallas is raising questions about how politics could affect market confidence in him.
US issues sweeping sanctions against Iranian airlines, foreign businesses
The Trump administration on Tuesday announced new sanctions against all of Iran’s airlines and nearly a dozen foreign companies doing business with Iran’s Mahan Air, which had earlier been sanction…
Qalibaf Mocks Bessent’s ‘Liftoff’ Claims, Highlights US Economic Pressures
TEHRAN (Tasnim) – Iranian Parliament Speaker Mohammad Baqer Qalibaf responded to US Treasury Secretary Scott Bessent’s remarks about the US economy and oil prices, highlighting mounting economic and financial pressures facing Washington.
Treasury Secretary Scott Bessent sits down with The Political Beat after G20 meetings
The Political Beat’s Joe Bruno sat down with Bessent to discuss the G20 meetings, the economy, and Charlotte’s role.
The U.S. isn’t alone in racking up big debt
Climbing borrowing costs have become a headache for Treasury Secretary Scott Bessent. But the United States is not the only country grappling with the potentially destabilizing consequences of soaring government debt.
U.S. issues sanctions on Turkish bank that it is 'financial lifeline' for Iran
The actions come nearly a week after Treasury Secretary Scott Bessent announced “Operation Economic Outcast"
U.S. issues sanctions on Turkish bank that it is 'financial lifeline' for Iran
The actions come nearly a week after Treasury Secretary Scott Bessent announced “Operation Economic Outcast"
Bessent rallies support for Trump agenda at G20
Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy The Big Story Bessent rallies support for Trump agenda at G20 Tr…
Bessent downplays bond market concerns amid global sell-off
Bond market investors are growing increasingly nervous as fighting resumes in the Middle East.
Bessent on trade war with Canada: Carney ‘chose to walk away’ from a deal
Treasury Secretary Scott Bessent on Monday took aim at Prime Minister Mark Carney, claiming that the Canadian leader “chose to walk away” from a trade deal. “And then he started this. And it’s unfo…
Bessent heads to G20 to rally allies on Iran as tariffs strain ties
The Group of 20 finance ministers is meeting in Asheville, North Carolina, on Monday and Tuesday.
Treasury Department blocks certain journalists from covering G20 meeting
The New York Times said in a statement that denying American journalists access to an event in the U.S. is “not just another disturbing effort by the administration to undermine independent journalism, but a blatant attempt to evade public scrutiny.”
Bessent says disorderly yen moves can destabilize global markets
U.S. Treasury Secretary Scott Bessent said disorderly moves in the yen could trigger "forced unwinds" of positions that risk destabilizing global markets and ultimately raising borrowing costs for U.S. households and businesses.
The US says it’ll crack down on countries doing business with Iran. Who’s buying Iranian oil?
US Treasury Secretary Scott Bessent on Monday vowed an “economic D-Day” for countries that buy oil from Iran. Experts say that means one country in particular: China.
Bessent warns countries to halt business with Iran or face action
U.S. Treasury Secretary Scott Bessent on Monday (August 24) announced an expansion of secondary sanctions it can impose on entities and countries that maintain business ties with Iran around the world as Washington significantly ratchets up economic pressure on Tehran with the war nearing its 6-month mark.
US aims for ‘economic asphyxiation’ of Iranian regime with new wave of secondary sanctions
Treasury Secretary Scott Bessent launches Operation Economic Outcast, targeting Iran's economy with secondary sanctions to cut off global trade revenue.
Bessent threatens new Iran secondary sanctions
Monday’s announcement was directed at countries whose trade and business relations still benefit the Islamic Republic.
Trump administration live updates: U.S. expected to announce new economic actions against Iran
Live updates and latest news on the Trump administration. Treasury Secretary Scott Bessent is expected to announce new economic actions against Iran.
Trump turns to containing the fallout from setbacks in Iran
The current approach — an economic choke hold on Iran — is being led by Treasury Secretary Scott Bessent.
Rubio and Bessent stayed on decoy flight as Trump switched planes, official says
Trump was secretly moved to a smaller military jet due to a threat
Treasury changes rules for businesses reporting ownership
The Biden-era regulation was intended to prevent money laundering, but critics said it was overly onerous.
Treasury ends ownership reporting rules for U.S. companies
The rules, intended to combat money laundering and other financial crimes, imposed an undue burden on American businesses, Treasury Secretary Scott Bessent said.
Top Links 1184 Science for development. Bessent's intervention. Fish in the wrong place & Charlemagne's canal.
Thank you for your support of Chartbook. Your generosity keeps this show on the road. A View of the Sky from a Prison Window Carl Gustav Carus (1789 - 1869), 1823 How important is science for development?
Senators press Treasury for answers on plans for Harriet Tubman $20 bill
Treasury Secretary Scott Bessent revealed earlier this month the department had abandoned plans to put Harriet Tubman’s image on the new $20 bill
Bessent says Treasury tracked down ayatollah's 'money man,' plans to expose linked properties
Scott Bessent says Treasury has found the ayatollah's "money man" and is tracking over $100 million in properties linked to Iran's supreme leader.
Treasury Secretary: The US could sanction Chinese AI companies
Treasury Secretary Scott Bessent said the Trump administration is looking into whether Chinese open source AI models were built on stolen IP.
US Treasury's Bessent tells Fox Business 50% Canada tariffs are 'reciprocity'
U.S. Treasury Secretary Scott Bessent said on Tuesday that the 50% tariffs on a range of imports from Canada were "reciprocity" for trade actions by Ottawa on U.S. dairy, alcohol and beverages.
Bessent says China's Iranian oil purchases have decreased- Fox Business
U.S. Treasury Secretary Scott Bessent said on Tuesday that there has been a substantial decrease in China's purchases of Iranian oil.
Treasury intercepts nearly $99M in federal payments to deceased individuals under Trump fraud order
A new Treasury fraud verification system screened 885 million transactions worth $2.77 trillion, catching over 4,900 improper payments to deceased recipients.
U.S. Mint making $1 gold-colored coin with Trump's image
The coin commemorates the country’s 250th anniversary and honors "the enduring legacy of liberty and a lasting symbol of patriotism,” Treasury Secretary Scott Bessent said
U.S. Mint making $1 gold-colored coin with Trump's image
The coin commemorates the country’s 250th anniversary and honors "the enduring legacy of liberty and a lasting symbol of patriotism,” Treasury Secretary Scott Bessent said
Treasury secretary talks Trump Accounts and state of economy
Scott Bessent spoke Monday with Spectrum News.
Scott Bessent goes after the top Mexican cartel’s new billion-dollar business: gas stations
Treasury sanctioned two men and nine firms tied to a Jalisco cartel fuel-theft ring that reportedly nets tens of millions a year across 21 Mexican states.
Singham funding one of 'most subversive political networks' in America: former senior Treasury advisor
Sam Lyman, former Treasury Secretary Scott Bessent speechwriter, called the Department of Justice grand jury probe into the Neville Roy Singham network an "enormous development."
First lady introduces Trump Accounts for foster youth
The U.S. Treasury is allowing states' child welfare agencies to set up the investment accounts
WATCH: First lady Melania Trump announces new investment accounts for foster youth
First lady Melania Trump and Treasury Secretary Scott Bessent on Thursday announced the launch of Fostering the Future Accounts, a spinoff of the Trump Accounts investment funds meant to give $1,000 to every newborn whose parent opens one.
WATCH LIVE: Bessent returns to the Hill after being questioned on Trump's IRS deal, Pulte pick
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.
Scott Bessent testifies he told Bill Pulte he was "going to kick his a**," not punch him in the face
Bill Pulte, President Trump's pick for acting director of national intelligence, is being met with some skepticism on Capitol Hill.
Bessent sets record straight on Trump team dinner clash that nearly turned into a throwdown: ‘Kick his a--’
Treasury Secretary Bessent downplayed his reported feud with Bill Pulte, saying he called to congratulate him on his new role leading intelligence.
Scott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether'
Treasury Secretary Scott Bessent announced the U.S. has seized roughly $1 billion in Iranian cryptocurrency assets as Operation Economic Fury pushes Iran's economy toward collapse.
Bessent: Nothing 'untoward' about Trump appearing on $250 bill
The treasury secretary said his department has been preparing in case Congress approves legislation creating the $250 bills
Trump Accounts app will be available starting Thursday, Bessent says
About 6 million Americans have already signed up for the federal program that provides $1,000 for newborns
Trump orders banks to take closer look at clients' citizenship
The order instructs bank regulators and government departments to identify signs of people without legal status opening accounts or obtaining loans
Trump orders banks to take closer look at clients' citizenship
The order instructs bank regulators and government departments to identify signs of people without legal status opening accounts or obtaining loans
Bessent credits Dem senator with putting 'country before political ideology' in Fed chair confirmation vote
Kevin Warsh Federal Reserve chair nomination confirmed in a 54-45 Senate vote, with Sen. John Fetterman as the only Democrat to cross party lines and vote for confirmation.
HSBC hit by $400m UK fraud-related charge; Rachel Reeves ‘clashed with Scott Bessent’ over Iran war criticism
Rolling coverage of the latest economic and financial news
Businesses Working With Iranian Airlines Risk Sanctions, Warns U.S. Treasury Secretary
Treasury Secretary Scott Bessent warned that the U.S. will place sanctions on anyone conducting business with sanctioned Iranian airlines as commercial flights resume from Tehran. “Doing business with sanctioned Iranian airlines risks exposure to U.S. sanctions. Foreign governments should take all
America's Open for Business
Just over one year into the second Trump presidency, trillions of dollars have poured into American manufacturing, AI infrastructure, energy, and technology. Treasury Secretary Scott Bessent makes the case for how the administration’s bold trade policy, deregulation, and America First economics are redefining the United States as the world’s premier destination for capital.
Stock markets recovering Iran war losses amid peace deal hopes; Reeves and Bessent to meet at IMF
Rolling coverage of the latest economic and financial news
The Treasury Secretary vs. Climate Science
In comments on Tuesday, Treasury Secretary Scott Bessent dismissed the scientific consensus on the causes of climate change.
Treasury Secretary Scott Bessent visits Long Island to tout small business under Trump
Health care fraud whistleblowers could make millions as Bessent cracks down on sprawling scams
Treasury secretary defends U.S. military actions in Iran: 'Sometimes you have to escalate to de-escalate'
Scott Bessent said "all options" were on the table to secure Kharg Island.
Bessent rules out government intervention in oil futures market during Iran war
Treasury Secretary Scott Bessent said the U.S. won't intervene in oil futures markets, focusing on physical crude supply to offset Iran conflict disruptions.
Treasury Secretary Bessent unveils plan to flood market with oil amid Iran war
Treasury Secretary Scott Bessent joins ‘Mornings with Maria’ to discuss the Iran war, surging oil prices, market volatility, Fed uncertainty, Powell’s future and the U.S. strategy to stabilize the global economy.
Trump suggests he may delay China trip due to Iran war, but Bessent says it's not to pressure on Strait of Hormuz
Bessent downplays rising oil prices and says the Treasury Department doesn't plan to intervene.
Trump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict
Treasury Secretary Scott Bessent said it was “unfortunate” that the move could benefit Russia, but maintained that it was only for the short term.
Treasury Secretary Bessent forecasts largest bombing campaign yet, says Iran attempting 'economic chaos'
Treasury Secretary Scott Bessent said Iran fights on military and economic fronts as U.S. launches biggest bombing campaign against Iranian missile launchers and factories.
Scott Bessent shares details on Trump's maritime reinsurance plan
Treasury Secretary Scott Bessent discusses the United States’ new $20 billion maritime reinsurance plan, conflict in Iran and more on ‘Kudlow.’
White House formally nominates Kevin Warsh to be next Federal Reserve chair
Warsh's nomination, which was initially announced Jan. 30, was forwarded to the Senate Wednesday, where it will be taken up by the Senate Banking Committee.
Trump officials say courts must weigh in on tariff refunds
Trump on Monday railed against the ruling and high court, suggesting it could rule against him in ano ther high-profile case
Bessent blames left's political 'venom' for violence after deadly Mar-a-Lago incident
Treasury Secretary Bessent blames political "venom" after deadly security incident at Trump's Mar-a-Lago estate. Suspect shot, killed by authorities Sunday.
DC Wrap: Dems make DHS demands; nuclear treaty expires; Bessent defends tariffs
A look at the day's biggest stories in national politics
Bessent defends tariffs on Capitol Hill as SCOTUS decision looms
It’s unclear when the Supreme Court may issue its decision, but the nine justices don't return to the bench until Feb. 20 from winter recess
WATCH: Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates
How a fiery Scott Bessent calmed market nerves over Greenland
Scott Bessent was everywhere in Davos.
Treasury chief unloads on Gavin Newsom’s Davos stunt, mocks governor’s ‘brain the size of a walnut’
Treasury Secretary Scott Bessent escalates feud with California Gov. Gavin Newsom after comparing him to "American Psycho" character.
Treasury Secretary Bessent says Denmark and its investment in the US are ‘irrelevant’
Treasury Secretary Scott Bessent on Wednesday offered some biting words about Denmark, which maintains territorial control over Greenland, after the European country’s pension fund announced it would unwind its investment in US government bonds.
Tax committee Republicans press for Treasury crackdown on nonprofits promoting fraud, 'anti-American' hate
House Republicans demand Treasury Secretary Bessent crack down on nonprofits allegedly manipulating tax codes for anti-American activities and fraud schemes.
Scott Bessent says Greenland is 'essential' for Trump's Golden Dome defense plan
U.S. Treasury Secretary Scott Bessent says the Trump administration views Greenland as a critical part of America's national defense and plans for a Golden Dome.
Bessent unhappy with criminal investigation of Fed Chair Jerome Powell
Treasury Secretary Scott Bessent has told people that he is unhappy with the decision to criminally investigate Fed Chair Jerome Powell, a source with knowledge of the matter told CNN.
Treasury notifies some businesses amid Minnesota fraud probe, Bessent says
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has notified some businesses that they are under investigation for alleged fraud involving COVID-era tax incentives, U.S. Treasury Secretary Scott Bessent said Friday.
Treasury implementing Trump’s car loan interest tax break: 'Putting money back in the pockets'
Treasury Secretary Bessent announces implementation of Trump's car loan interest tax deduction policy, putting money back in working families' pockets.
Americans will get 'gigantic' tax refund next year, Treasury Secretary says
Treasury Secretary Scott Bessent predicted "gigantic" tax refunds of $1,000-$2,000 for many Americans filing in 2026 due to Trump's tax cuts.
Market-savvy Treasury chief Scott Bessent emerges as unlikely MAGA warrior
Treasury Secretary Scott Bessent’s partisan comments are causing concern among investors and lawmakers, as he breaks with tradition and engages in combative rhetoric.
Fox News Politics Newsletter: Trump admin targets Maduro’s inner circle, family
Welcome to the Fox News Politics newsletter, with the latest updates on the Trump administration, Capitol Hill and more Fox News politics content.
DealBook Summit 2025: Live Updates From Andrew Ross Sorkin's Interviews
Secretary Scott Bessent is first up. Andrew Ross Sorkin will speak to more than a dozen prominent figures from the worlds of business and politics. Follow along and watch live here.