Treasury Secretary
Coverage of Treasury Secretary in the Nexus archive.
- Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble
A joint U.S.-Japan intervention, aimed at supporting the yen, failed to ease currency market anxiety despite initial strengthening of the exchange rate. Analysts caution that key underpinnings of global finance appear risky, comparing the system to a 'giant Jenga tower.' These risks are driven by Japan's massive debt, sluggish central bank action, and concerns over the dollar’s dominance.
- Rubio and Bessent stayed on decoy flight from Turkey as Trump switched planes, official says
Secretary of State Marco Rubio and Treasury Secretary Scott Bessent departed from the NATO summit in Turkey on a decoy plane. Simultaneously, President Donald Trump was moved onto another plane after an Iranian threat.
- Bessent defends Warsh, saying markets are going through ‘detox’ from too much Fed guidance
Bessent defends Warsh, arguing markets are experiencing a 'detox' from excessive Federal Reserve guidance. The Treasury secretary questions the necessity of an interest-rate increase.
- Jamie Dimon says he wouldn’t buy Treasurys. ‘I don’t understand the upside.’
Jamie Dimon states he wouldn’t buy Treasurys, citing uncertainty about the upside. He is a potential treasury secretary candidate and leads a primary dealer of Treasury securities.
- Treasury rolls out currency signed by Trump for Fourth of July
The U.S. Treasury released currency featuring the signature of Donald Trump for the Fourth of July. Traditionally, U.S. paper currency includes the signatures of the treasury secretary and the U.S. treasurer, not the president.
- Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Treasury Secretary Bessent stated that U.S. GDP growth could return to 3% before the end of the year. The statement focuses on economic growth projections.
- Judge indefinitely blocked Trump's 'anti-weaponization' fund and wants it in writing
A U.S. District Judge indefinitely blocked Trump's 'anti-weaponization' fund and ordered the acting attorney general and Treasury secretary to submit written declarations confirming its termination within one week.
- Bessent Calls Clash With Bill Pulte a ‘Locker Room’ Fight
Treasury Secretary Scott Bessent described a disagreement with Bill Pulte, the housing finance director, as a 'locker room' fight. Bessent now supports Pulte's appointment as acting director of national intelligence.
- Bessent Has Limited Options to Halt Climb in Treasury Yields
Treasury Secretary Scott Bessent faces limited options to address the rising Treasury yields, indicating challenges in managing economic conditions.
- Trump administration extends Russian oil sanctions waiver for ‘most vulnerable nations’
The Trump administration extends a waiver on Russian oil sanctions to help vulnerable nations amid rising energy prices due to the war in Iran. The move aims to alleviate high gas and oil prices. Treasury Secretary Scott Bessent announces the policy.
- Bessent Meets Insurance Regulators to Discuss Private Credit
Treasury Secretary Scott Bessent met with insurance regulators to discuss private credit. The meeting's details and outcomes were not specified. The discussion on private credit may impact the financial sector.
- Senate Democrats demand reinstatement of sanctions on Russian oil
A group of Senate Democrats are demanding that the Trump administration re-impose sanctions on Russian oil to offset rising energy costs amid the Iran war. Fourteen Democratic senators urged Treasury Secretary Scott Bessent to end this short-term relief, citing concerns about how the temporary measure could impact the situation. The move is aimed at addressing rising energy costs