4 h. ago Treasury Secretary Scott Bessent fails to divest his financial holdings and hit with watchdog warning

Bessent, a former hedge fund manager, reportedly has a net worth of around $600 million

Events

11 h. ago US sanctions Mexican drug cartel associates accused of scamming elderly Americans

The U.S. Treasury Department has imposed sanctions on more than a dozen Mexican companies and four people it says worked with a powerful drug trafficking cartel to scam elderly Americans in a multimillion-dollar timeshare fraud

Events

16 h. ago Scott Bessent floats rolling out export tax to more industries

US Treasury secretary says Nvidia revenue-sharing agreement could be a model

Politics

35 h. ago Scott Bessent addresses explosive ‘WWE’ clash with Elon Musk in West Wing

Elon Musk showed up to the Oval Office with a black eye in May, claiming it was from his five-year-old son

Events

8 d. ago Trump says treasury chief Scott Bessent no longer being considered for Fed chair

Trump may soon name pick for open Fed board seat and Fed chair nominee, but Bessent wants to stay in current roleDonald Trump said he would “shortly” announce his pick for an open seat on the Federal Reserve’s board of governors and possibly his nominee for Fed chair as well, but that he had removed the treasury secretary, Scott Bessent, from consideration since Bessent wants to remain in his current job.In a CNBC interview, Trump called it a “pleasant surprise” that the Fed governor Adriana Kugler had decided to leave her seat now instead of when her term ends in January, a move that appears to have accelerated Trump’s decision on who to appoint to an open seat on the Fed board with possible plans to promote that person to the top policymaking role when the term of the Fed chair, Jerome Powell, ends in May. Continue reading...

Politics

3 w. ago The Crypto cabinet: One in five of Trump’s closet allies hold significant cryptocurrency assets

Several cabinet members, including Vice President JD Vance and Treasury Secretary Scott Bessent, have all reported personal stakes

Politics