The U.S. on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating ...
The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting ...
Canada and China, and craft the administration’s first budget. Mr. Bessent won strong bipartisan support, with 16 Democrats joining Republicans in backing his nomination. The job will be Mr ...
The U.S. Treasury became a target of Elon Musk’s crackdown on federal spending — triggering protests outside Bessent’s office ...
Bessent has also defended Trump’s plans and threats involving tariffs, particularly against China. “China is in a severe recession and are attempting to export their way out of that instead of ...
At the time, Bessent pushed back, claiming there is no “clean energy race” against Beijing but, rather, only “an energy race” — with China pushing forward on all fronts including coal ...
Related Treasury secretary nominee Bessent favors tax cuts, China tariffs, Russia sanctions Trump chooses Bessent for treasury secretary, Vought for budget director Kristi Noem easily confirmed as ...
The Senate confirmed Scott Bessent as Treasury secretary on Monday, elevating the hedge fund manager to the new administration’s top financial job as President Donald Trump forges ahead on an ...
He has threatened a potential 25% levy on all goods from allies like Canada and Mexico and 60% on goods from China. In ...