Scott Bessent Reports Significant Advancement in US-China Trade Discussions
On Sunday, Treasury Secretary Scott Becent noted that the Trump administration had made “significant progress” in trade talks with China. Becent, alongside U.S. Trade Representative Jamieson Greer, is engaged in discussions in Geneva, Switzerland, focusing on establishing fairer agreements with China. Becent expressed in a statement: We are happy to announce substantial progress in an […]
US and China Agree on Plan to Reduce Trade Deficit, According to US Treasury Secretary Scott Bessent
Geneva Talks Yield Progress in US-China Trade Relations US Treasury Secretary Scott Bescent reported notable advancements in discussions with US economic officials on Sunday. Bescent informed the press that more specifics will be shared on Monday, emphasizing that President Donald Trump is fully briefed on the positive outcomes of these “productive consultations.” US Trade Representative […]
Significant Advancements Achieved with China in Important Trade Discussions, Bessent States.
Progress in US-China Trade Talks Reported Treasury Secretary Scott Bescent announced on Sunday that considerable advancements were achieved with China during significant trade discussions held in Switzerland, with further details expected on Monday. Following a period of escalating tariffs between the US and China, Bescent informed Fox News that he would be meeting with Chinese […]
Trump and China near a trade agreement following successful discussions, Bessent states
Trade Negotiations with China Progressing Treasury Secretary Scott Bescent mentioned on Sunday that the Trump administration has made headway in its trade discussions with China. He promised to share more specifics the following day, speaking to reporters from Switzerland. He added that President Trump was fully briefed on the developments, similar to what Ambassador Jamieson […]
Bessent calls on Congress to address the debt limit by mid-July.
Treasury Secretary Scott Bescent urged Congress on Friday to raise the national debt ceiling by mid-July, aiming to prevent the federal government from defaulting on its debts, which exceed $36 trillion. In a letter to Speaker Mike Johnson (R-LA), Bescent expressed concern that the government’s cash reserves and extraordinary measures might be depleted by August, […]
Senate closely votes down cryptocurrency bill supported by Treasury Secretary Bessent
A cryptocurrency bill backed by the Treasury, known as the Genius Bill, faced a close defeat in the Senate during a procedural vote on Thursday. This legislation aimed to establish a new regulatory structure for digital currencies but stumbled due to a last-minute shift among Democratic senators. The bill required 60 votes to proceed, but […]
Bessent talks about rules for digital assets.
Insights on Digital Asset Regulation from the Treasury Department During a Congressional hearing on Wednesday, Scott Bescent from the Treasury Department shared the administration’s approach to regulating the digital asset sector. His testimony focused on the international financial landscape, highlighting hopes that the digital asset industry will establish a strong foothold in the U.S. and […]
‘One Believes?’: Scott Bessent Stirs Up Reaction from Dem Rep with 4-Word Comment on Biden
Democratic Lawmaker Questions Biden’s Mental State On Wednesday, New York Democrat Gregory Meeks expressed anger after what seemed like a light-hearted jab at former President Joe Biden’s mental fitness. Meeks was discussing the international financial system during a House Financial Services Committee hearing. He called for Congress to regain the authority to impose tariffs and […]
“I Won’t Back Down”: Dem Rep Takes Control of Hearing When Scott Bessent Doesn’t Provide the Response She Desired
Ohio Democrat Joyce Beatty interrupted Wednesday’s hearing for over two minutes after Treasury Secretary Scott Bescent indicated his staff would follow up regarding her inquiries about putting abolitionist Harriet Tubman on the $20 bill. In 2016, former Treasury Secretary Jack Lew had announced that Tubman would replace President Andrew Jackson on the bill. Although Beatty’s […]
Scott Bessent denies Maxine Waters’ assertion that he permitted ‘strangers’ to view Treasury information.
Treasury Secretary Challenges Rep. Waters Over Data Access On Wednesday, Treasury Secretary Scott Bescent confronted Rep. Maxine Waters, a Democrat from California, regarding claims that “strangers” could access sensitive information within his department. Waters pointed out concerns about the Government Efficiency Office (DOGE) staff having access to Treasury data during a House Financial Services Committee […]