Bessent dismisses Denmark as ‘unimportant’ and downplays the Treasury sell-off in light of Greenland threats
Treasury Secretary Scott Bessent downplayed worries about a potential drop in U.S. debt following President Trump’s escalating threats regarding Greenland, labeling Denmark as “irrelevant.” The announcement of new 10% tariffs on several European nations opposing the Greenland takeover sent shockwaves through global markets on Tuesday, which marked the first trading day of the week. These […]
Treasury Secretary Bessent labels Newsom as ‘lacking economic understanding’ at Davos
Treasury Secretary Criticizes California Governor at World Economic Forum Treasury Secretary Scott Bessent recently took aim at California Governor Gavin Newsom, labeling him “economically illiterate.” Bessent accused Newsom of focusing more on mingling with global elites than addressing pressing issues like California’s financial troubles, housing crisis, and the homelessness situation. During his remarks at the […]
Republicans urge the Treasury to take action against nonprofits for fraud and extremism
Congress Calls for Stricter Oversight of Nonprofits Amid Fraud Allegations As nonprofits face heightened scrutiny over allegations of fraud and their roles in divisive protests nationwide, House Ways and Means Committee Chairman Jason Smith, along with 25 Republican members, is urging Treasury Secretary Scott Bessent to take action against organizations accused of promoting “anti-American and/or […]
Trump may announce his choice for Fed chair next week, according to Treasury Secretary Scott Bessent.
Potential Decision on Next Fed Chair by Trump Soon Treasury Secretary Scott Bessent indicated on Tuesday that President Trump’s choice for the next Federal Reserve chair could arrive as soon as next week. The president has streamlined his options to four nominees to succeed Jerome Powell, the current Fed chairman. The candidates are former Federal […]
Court is unlikely to reverse Trump tariffs, Treasury Secretary Scott Bessent suggests
Supreme Court Likely to Uphold Trump’s Tariffs, Says Treasury Secretary Treasury Secretary Scott Bessent has expressed doubt that the Supreme Court will overturn President Trump’s tariffs. He pointed out that the justices’ delay in making a ruling suggests the tariffs are likely to remain in effect. Bessent stated, “I think it’s extremely unlikely that the […]
Treasury imposes sanctions on Iran as officials reportedly transfer millions overseas
Reports indicate that Iran’s leadership has shifted “tens of millions of dollars” abroad in response to new U.S. sanctions stemming from the regime’s aggressive crackdown on protests. A document published by the Treasury Department’s Office of Foreign Assets Control on January 15 elaborated on these capital movements, underscoring actions against “shadow banking networks” that allow […]
Saylor Supports Bitcoin Treasury Companies Despite Growing Criticism
Bitcoin as a Treasury Choice for Companies Michael Saylor, the Strategy Chairman, defended businesses that invest in Bitcoin against those who criticize them as being reckless. On a recent podcast, he pointed out that purchasing Bitcoin isn’t a moral failing. Instead, it reflects a decision about how to manage available funds. He mentioned that companies […]
Major Indexes Experience Weekly Declines as Treasury Yields Reach Four-Month Peak
January 16, 2026 4:42 PM ET Are software stocks set for a recovery? From 3 hours 49 minutes ago The PHLX Semiconductor Index (SOX) climbed over 1% on Friday, boosted by shares from Micron (MU), Broadcom (AVGO), and Advanced Micro Devices (AMD). Conversely, software stocks such as Aprovin (APP), Palantir (PLTR), and Workday (WDAY) found […]
Scott Bessent: Trump’s Treasury tracks the funds to dismantle a large benefits fraud scheme
Widespread Fraud Discovery in Minnesota’s Welfare System Recently, there’s been a significant expose regarding how some people have taken advantage of Minnesota’s “Nice Guys” culture, leading to huge losses in taxpayer funds. This fraud is one of the most notable in American history, with scammers, many of whom aren’t even U.S. citizens, siphoning off money […]
Treasury Secretary Scott Bessent discloses that as much as 10% of the US budget is taken annually
Concerns Over Government Spending and Fraud In a recent interview, Treasury Secretary Scott Bessent revealed that an astonishing amount of taxpayer money, potentially in the hundreds of billions, is lost each year to waste, fraud, and abuse. He highlighted that almost 10% of the federal budget is consumed by these issues annually. This claim references […]