Here’s what Trump’s pick of Scott Bessent for Treasury secretary means for taxes, interest rates and more
With Scott Bessent, consumers eyeing prices and interest rates are getting a Treasury secretary pick who is deeply aware of the big-picture forces pushing and pulling those everyday costs, experts say.
Investors celebrate Trump’s pick for Treasury chief with lower bond yields
Scott Bessent is a hedge fund manager who investors believe will balance Trump's economic promises with fiscal reality as treasury secretary.
Trump’s Treasury Pick Will Please Wall Street
The choice of hedge fund manager Scott Bessent came after a public battle among Trump supporters over who should be the new Treasury secretary.
Global Markets Rise as Trump Taps Scott Bessent for Treasury Role
Bessent's nomination as Treasury Secretary has garnered attention due to his history with businessman George Soros.
Mortgage rates edge lower after Trump picks Bessent to lead Treasury
Mortgage rates were little changed this week as financial markets reacted to President-elect Donald Trump’s slate of Cabinet picks.
‘A safe pair of hands’: Why markets are loving Trump treasury secretary pick Scott Bessent
In a sea of controversial choices for the incoming administration, the president-elect’s choice for treasury head is being welcomed on Wall Street with open arms. In a sea of controversial choices for his second term,
Markets cheered Donald Trump's Treasury Secretary pick
Stocks climbed in response to Scott Bessent's nomination
‘Can he stand up to Trump:’ Jason Furman on Trump’s choice of Scott Bessent for Treasury Sec.
Fmr. CEA Chair Jason Furman joins Andrea Mitchell to analyze Trump’s choice of Scott Bessent to be the next Treasury Secretary. Furman emphasizes Bessent’s Wall Street background and lack of government experience as defining elements of his nomination.
Trump’s Bessent pick for Treasury boosts hopes for year-end stock-market rally
Donald Trump’s selection of hedge-fund manager Scott Bessent to serve as Treasury secretary triggered a sigh of relief across global financial markets on Monday.
Dow Surges 400 Points to Record High After Trump Nominates Scott Bessent for Treasury
Bessent of the Key Square Group is considered a more market-oriented type that advocates deregulation and the development of the economy. Consistent with Trump's economic policy direction, his other positions include the gradual introduction of tariffs and standing down on regulations,
Janet Yellen resigned as treasury secretary as of Nov. 24? Not true | Fact check
A day after the claim was shared, Yellen posted to her government-verified X account about the unveiling of a portrait of ...
Trump Treasury Nominee’s Oil Math Doesn’t Add Up
Boosting energy production is easier said than done, and the effect on the government deficit isn’t clear either.
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Bessent Has $6.7 Trillion Mountain of Worry Waiting at Treasury
Robert Burgess is the executive editor of Bloomberg Opinion. Previously, he was the global executive editor in charge of ...
US Dollar slips with bond yields on Treasury nomination
Bessent has been openly in favor of a strong dollar and has supported tariffs, suggesting any pullback in the currency might ...
Five key charts for the new Treasury secretary to watch
Donald Trump on Friday said he would nominate Scott Bessent to be the 79th U.S. Treasury secretary and frontman for the ...
He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad ...
Treasury Yields Stay Weak After Activity, Jobs Data
Treasury yields remained lower after durable goods orders, GDP and weekly jobless claims data didn’t change Fed rate-cut expectations.
Malaysia drops 1MDB-linked charges against ex-PM Najib, former treasury official
A Malaysian court on Wednesday allowed corruption charges linked to the multibillion-dollar 1MDB scandal filed against jailed ...