Scott Bessent
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Business
Bessent Fires Back at Obama With Cheesecake Factory Lunch
A key Cabinet official in the Trump administration on Monday hit back at former President Barack Obama‘s criticisms of White…
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Business
AI Tools Fuel $270M Student Aid Fraud Wave, Treasury Warns
Criminals are deploying artificial intelligence agents to manufacture fake student identities and siphon federal financial aid, according to a Treasury…
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Business
U.S. 10-Year Yield Spike Outpaces G7 as Debt Hits $40T
The U.S. 10-year Treasury yield climbed roughly a full percentage point this year, outpacing every other major economy and signaling…
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Business
Alberta Separatists Pitched Independence to U.S. Officials
Three meetings with the U.S. State Department. A written proposal detailing what a sovereign Alberta could offer Washington. Pipeline routes…
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Business
$10 Trillion Debt Wall Hits as Bond Yields Shatter Forecasts
More than $10 trillion in U.S. government debt matures over the next 12 months. Treasury Secretary Scott Bessent must refinance…
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Business
IMF Warns U.S. Growth Cannot Fix $40 Trillion Debt Crisis
Net interest payments now consume roughly 20% of all federal revenue, a fiscal burden that has forced the International Monetary…
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Business
Bank of America Fined $1.2B Over Money Laundering Failures
Bank of America admitted to willfully violating the Bank Secrecy Act after federal regulators imposed a combined $1.2 billion penalty…
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Business
Trump’s Russian Diesel Deal Clashes With U.S. Sanctions Law
A surprise agreement to import Russian diesel into the United States is on a collision course with federal law, fracturing…
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World
Trump-Russia Diesel Deal Risks Funding Ukraine War, Experts Warn
A new agreement allowing Russia to export 1.8 million tonnes of diesel to U.S. and global markets is injecting fresh…
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Business
Treasury Secretary Bessent Rebukes Warren Over Yield Surge, Invokes Inflation Record in Sharp Exchange
Treasury Secretary Scott Bessent fired back at Senator Elizabeth Warren over her demands to explain rising long-term borrowing costs, delivering…
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