Hosting a Policy Event with Treasury Secretary Scott Bessent
Breitbart News is set to host a policy event featuring the Treasury Secretary, coming shortly after Congressional Republicans worked to turn President Donald Trump’s initial American agenda into reality with the approval of a substantial bill. The discussion will involve Secretary Scott Bescent and Breitbart’s Washington Director, Matthew Boyle, and is scheduled for Wednesday, July […]
Will Bessent hold both the position of Fed chair and Treasury secretary simultaneously?
The potential for President Trump to replace Federal Reserve Chairman Jerome Powell with Treasury Secretary Scott Bescent is creating buzz in both Washington and Wall Street. However, lawmakers from both parties have expressed skepticism about this idea, particularly given the growing friction between Trump and Powell over interest rate policies. Such a shift could not […]
Scott Bessent Shares Insights on Upcoming Treasury Actions
Treasury Secretary’s Focus on Student Loans On Thursday, Treasury Secretary Scott Bescent announced that his department will turn its attention to student loan obligations after wrapping up efforts on trade and tax policy. With President Donald Trump’s second term set to bring substantial changes, he aims to honor his campaign pledge by eliminating certain taxes […]
There are many strong candidates in the Trump administration to succeed Fed Chair Jerome Powell, according to Bessent.
The Trump administration is set to explore options for a new Federal Reserve Chairman this fall, according to the Treasury Department’s comments to CNBC on Thursday. Officials mentioned having “numerous strong candidates” in mind. Bessent noted that the decision on interest rates ultimately rests with the Fed. However, he suggested that any potential cuts in […]
‘Reliable Taxes, Affordable Energy’: Scott Bessent Explains to Bannon How the US Will Become the Top Place for Investment
Treasury Secretary Talks Economic Transformation Treasury Secretary Scott Bescent shared insights on Wednesday regarding how tax certainty, affordable energy, and deregulation could elevate the United States to a premier destination for capital investment. In his appearance on Bannon’s Warroom, Bescent envisioned a growth period comparable to the post-World War II economic expansion. He elaborated on […]
Is Bessent a candidate for Fed chair?
The U.S. Treasury Secretary announced on Monday that he has accepted President Trump’s nomination to take over the role of Federal Reserve Chair, a position currently held by Jerome Powell. This comes after a few weeks of speculation regarding potential replacements. In remarks to Bloomberg News, the Secretary stated he would comply with the president’s […]
‘We Might Recover’: Scott Bessent Cautions Nations About Tariff Deadline
Trade Negotiations Update Treasury Secretary Scott Becent addressed trade partners on Monday, emphasizing the need for cooperation in ongoing trade negotiations and the potential reinstatement of tariffs that President Donald Trump imposed on April 2. On April 9, Trump announced a 90-day suspension of the tariffs he had levied on several countries, allowing time for […]
Bessent on aiming for Fed chair: ‘I will follow the President’s wishes’
Treasury Secretary Scott Bescent expressed his willingness to consider stepping in as Federal Reserve Chairman Jerome Powell’s replacement, as President Trump is eager to initiate changes within the central bank. When asked if he was seeking that role, Bescent mentioned he would align with the president’s decisions but appeared content in his current role. Various […]
Mike Johnson and Scott Bessent believe the SALT agreement is nearly finalized.
Speaker Mike Johnson (R-LA) and Treasury Department official Scott Bescent indicated that discussions regarding the state and local tax (SALT) deduction cap are nearing a conclusion. During a lunch meeting on Friday with GOP Senators, Johnson and Bescent outlined a plan they had designed alongside a few moderate House Republicans from high-tax blue states. Senator […]
Treasury Secretary Scott Bessent urges Congress to remove the ‘revenge tax’ from the Major Bill
Bessent Urges Removal of “Revenge Tax” from Trump’s Bill On Thursday, Treasury Secretary Scott Bessent appealed to Congressional Republicans to eliminate the so-called “revenge tax” from President Trump’s significant legislation. This provision allows Trump to impose taxes on foreign investments held by U.S. residents, ostensibly as a response to countries that introduce new taxes on […]