Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump administration’s economic and

During a Senate Finance Committee hearing on June 12, 2025, Senator Ben Ray Luján (D-NM) pressed Treasury Secretary Scott Bessent on whether or not Trump's "one big beautiful bill" will add trillions to the deficit.

The US Treasury secretary expects tariffs and growth to boost government revenue, while banks and monetary innovation keep borrowing costs in check. The scheme evokes the 18th-century Scottish economist and speculator John Law’s failed attempt to reform French public finances.

Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome Powell has already started — as the Trump administration ratchets up pressure for the top central banker to step aside before his term ends.

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A mutually beneficial U.S.-Japan tariff agreement is still possible, Treasury Secretary Scott Bessent said on Friday after meeting Japanese Prime Minister Shigeru Ishiba in Tokyo.

Treasury Secretary Scott Bessent drew a provocative comparison between his current boss, Trump and his former mentor, the Hungarian-born Soros.

Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's about to be released -- he is entitled to early access --but said not to read too much into one month's number.

The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor."

Bessent's victory lap on tariff revenues was premature. And so are hopes that the trade war won't damage commerce and the U.S. economy.