Bessent Discusses How the U.S. Secured China’s Agreement on the TikTok Deal
US Makes Progress on Tiktok Negotiations The US has achieved a noteworthy breakthrough regarding Tiktok by focusing negotiations and persuading Beijing. Treasury Secretary Scott Bescent shared insights during an exclusive interview with Breitbart News after two days of discussions in Spain. This proposed framework agreement is set to be finalized during a call between President […]
IMF reorganizes climate and gender divisions following criticism from Bessent about expanding its role
The International Monetary Fund (IMF), a lender established after World War II to assist countries struggling with debt, is reportedly planning to reorganize its approach to climate change and gender issues. This change is said to be influenced by U.S. Treasury Secretary Scott Bessent, as per inside sources. According to Bloomberg, the IMF’s units focused […]
White House staffers share their opinions on a cage match between Scott Bessent and Bill Pulte
In a potentially heated confrontation between Scott Bescent and Bil Pulte, it seems like the White House staff has picked sides. Recently, the usually composed Treasury Secretary Bescent reportedly threatened Pulte, indicating a level of frustration that’s caught insiders’ attention. One associate even commented, rather bluntly, that he’d “hit that little midget ass.” Pulte, 37, […]
Bessent warns FHFA director, “I’m going to hit you in the face,” according to a report.
Treasury Secretary Scott Bescent reportedly threatened to punch Bill Plute, the federal Housing and Finance Director, during a tense encounter at a private dinner with staff and close advisors to President Trump. This information comes from a recent report by Politico. The incident unfolded with several top economic staff members present at this exclusive dinner, […]
Treasury Secretary Bessent states the Fed needs to change direction and calls for a complete review.
Scrutiny of the Federal Reserve Called for by Treasury Secretary Treasury Secretary Scott Bescent has called for a renewed examination of the Federal Reserve’s authority, particularly its power to set interest rates. This move aims to support the Trump administration’s efforts in overseeing central banks, which many believe should remain insulated from temporary political pressures […]
Bessent: Trump administration is prepared if the Supreme Court decides against tariffs
Treasury Secretary Discusses Backup Plans for Tariffs Amid Legal Uncertainty On Monday, Treasury Secretary Scott Bessent stated that the Trump administration has multiple strategies in place to impose tariffs on foreign trading partners if the Supreme Court decides to eliminate fees set by the International Emergency Economic Powers Act (IEEPA). “I would support the Supreme […]
Bessent believes the Trump administration is prepared to impose new sanctions on Russia to help resolve the Ukraine conflict.
Treasury Secretary Scott Bescent expressed in an interview that the Trump administration is considering all possible options for sanctions against Russia. This statement comes after President Vladimir Putin continued to escalate military actions in Ukraine, even amid ongoing peace discussions. During a conversation at Martin’s Tavern in Washington, DC, Bescent shared insights about potential sanctions. […]
Bessent believes the Federal Reserve needs to remain independent but has made numerous errors.
Treasury Secretary Scott Bescent expressed on Monday that while the Federal Reserve should maintain its independence, he acknowledged mistakes have been made. He mentioned that President Trump defended Governor Lisa Cook’s position amid allegations of mortgage fraud. Trump has, for months, been vocal about the Fed and its chair, Jerome Powell, criticizing the reluctance to […]
Bessent: Annual U.S. tariff revenue might exceed $500 billion, reducing the deficit
Tariff Revenue Projections Surge U.S. Treasury Secretary Scott Bescent recently stated that the revenue generated from President Donald Trump’s tariffs might surpass $500 billion annually, with some forecasts even suggesting it could reach up to $1 trillion. During a cabinet meeting at the White House on Tuesday, Bescent remarked on this notable increase from earlier […]
Bessent supports investment in Intel: Chips are a ‘key necessity’
Treasury Secretary Defends US Stake in Intel Treasury Secretary Scott Bescent spoke out in defense of the US government’s decision to acquire a 10% stake in Intel, addressing concerns about potential government interference in the free market. During an appearance on Fox Business’s “Morning Maria,” Bescent emphasized the strategic necessity of this investment. “Tips are […]