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Treasury Secretary Says Trump’s IEEPA Authority Likely to Hold Up at Supreme Court Treasury Secretary Scott Bessent said President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) is likely to withstand scrutiny by the Supreme Court of the United States. The comments come amid legal challenges to Trump’s economic and national security actions, as courts weigh the scope of executive authority during declared emergencies. #DonaldTrump #TreasuryDepartment #IEEPA #Suprem
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The Senate should move to advance Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chairman, even as a federal criminal investigation into current chair Jerome Powell continues, Treasury Secretary Scott Bessent said Friday. Bessent, in an interview on CNBC’s “Squawk Box,” said he believes after speaking this week to Republicans on the Senate Banking Committee that they “are going to proceed” with a nomination hearing. Full details: cnb.cx/4rilR6r | CNBC
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