Bessent says tariff revenue could help pay down the nation's $37.2T debt
Treasury Secretary Scott Bessent says that tariff revenue is likely to exceed $300 billion this year, adds that the funds could help pay down the nation's debt.
Bessent outlines the qualities he's looking for as he vets Trump's Fed shortlist
Treasury Secretary Scott Bessent shares what characteristics he is looking for as he interviews candidates to succeed Federal Reserve Chairman Jerome Powell.
Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates
Treasury Secretary Scott Bessent clarifies he's not directing the Fed after suggesting neutral interest rates should be 150 basis points below current levels.
Trump says Fed chair search down to ‘three or four’ candidates, with announcement coming ‘a little bit early'
President Donald Trump said on Wednesday that he has narrowed down the list of candidates to replace Federal Reserve Chair Jerome Powell to "three or four" names.
Trump postpones China tariff deadline 90 days after touting ‘very good’ relationship with Xi
Treasury Secretary Scott Bessent participated in trade negotiations with China in May that resulted in a deal to temporarily ease up on strict tariffs imposed in April for 90 days.
A shadowy fleet of ‘ghost ships’ is ferrying Russian oil to Indian ports
Beijing and New Delhi continue to defy U.S. sanctions on Russian crude, much of which is funneled through a growing fleet of untracked "ghost ships."
US, China officials meet in Sweden as trade truce deadline looms
Top U.S. and Chinese officials negotiate in Sweden to extend their trade truce, as the Trump administration races to finalize deals before tariff deadlines expire.
SEN RAND PAUL: There are $186 billion reasons why we must audit the Fed
The Federal Reserve's unchecked power and secretive operations have led to billions in payments to banks while operating at a loss. We need more oversight.
Hopefuls eyeing Powell’s job intensify push amid Trump rift
Two of President Donald Trump's contenders to succeed Federal Reserve Chair Jerome Powell are increasing their alignment with the president in hopes to secure the nomination.
Trump confirms August 1 deadline for countries to reach trade deals or face tariff increases
Trump administration prepares trade letters as August 1 deadline approaches, with Secretary Lutnick confirming tariffs will revert to April levels without agreements.
Treasury Secretary Bessent tiptoes around Trump's plans for new Fed chair
Treasury Secretary Scott Bessent says he "will go where the president thinks" he's "best suited" to serve, as calls grow for the Fed's Jerome Powell to resign.
Treasury secretary says Senate moving toward vote on Trump's megabill today despite Democrat resistance
Senate moves toward vote on Trump's megabill as Treasury Secretary Scott Bessent defends its tax cuts and Medicaid reforms amid concerns over deficit impact.
Trump blasts Powell, says any replacement would be better for refinancing $9T debt
Trump discusses plans to replace Federal Reserve Chairman Powell in a FOX Business interview, criticizing high interest rates as the U.S. faces refinancing $9 trillion in debt.
Treasury secretary reveals 'peace deals' with China as rare earth supplies set to flow
President Trump's trade talks with China have led to "de-escalation," according to Secretary Bessent, who shared new details about the tariff negotiations.
'America's Checkbook' would open the ledger on federal expenditures from pencils to the Pentagon
GOP lawmakers introduce the LEDGER Act to create 'America's Checkbook,' requiring tracking of federal spending after $4.7 trillion in uncoded Treasury disbursements
Treasury requires US financial institutions cut ties with Mexico-based banks tied to cartel money laundering
The Trump administration on Wednesday, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels.
Bessent urged to stop EU’s ‘punitive’ tax grab targeting U.S. firms
EXCLUSIVE: As U.S.-EU trade talks continue, a free market group warns European digital rules unfairly target American firms while favoring Chinese companies.
Senate passes landmark crypto legislation as banking chairman touts ‘historic day’
Senate Banking Chairman Tim Scott applauded the passage of the GENIUS Act in an exclusive interview with Fox News Digital.
Trump administration says blue-collar wages rising fastest in more than 50 years
The Trump administration is touting new data from the Treasury Department showing blue-collar wages are up more in the first five months than any administration since 1968.
Treasury chief says 'remains to be seen' if Trump tax bill will add to $36T national debt
Treasury Secretary Scott Bessent is on Capitol Hill testifying before the House Ways & Means Committee hearing.