Bessent, Scott
The US Treasury Secretary Scott Bessent has sounded a warning bell on the economic impact of the ongoing government shutdown, estimating that it is hurting the economy by up to $15 billion a day. Bessent made the remarks at the CNBC's Invest In America forum in Washington, DC,
Bessent, Scott
The Trump administration is working to arrange private-sector financing for Argentina that would double the total US financial lifeline for the embattled South American nation. The US government has already authorized a $20 billion currency swap, and now Treasury Secretary Scott Bessent says an additional $20 billion from banks and
Bessent, Scott
U.S. President Donald Trump plans to meet with Chinese President Xi Jinping in South Korea, despite earlier threats to cancel the meeting due to trade tensions. The development comes as Trump prepares to visit South Korea later this month, where China's imposition of export controls on rare
Bessent, Scott
US Treasury Secretary Scott Bessent announced on Monday that tensions between the US and China had de-escalated, paving the way for a meeting between President Donald Trump and Chinese leader Xi Jinping in late October. The two leaders had planned to meet during the Asia-Pacific Economic Cooperation forum, and despite
Bessent, Scott
US Treasury Secretary Scott Bessent has assured Argentina's President Javier Milei that his administration will "do what is necessary" to support the country's economy, amid concerns over the Argentinian peso's sharp decline against the US dollar. Bessent's pledge came after
Bessent, Scott
President Donald Trump's decision to provide Argentina with a $20 billion financial lifeline has sparked outrage among American farmers and raised questions about the administration's priorities and the limits of his "America First" approach to the global economy. The move has been driven by
Bessent, Scott
The United States is set to offer a $20 billion loan to Argentina to support the country's economy, a move that has raised concerns about economic and political risks. Treasury Secretary Scott Bessent said that Argentina's president, Javier Milei, is a kindred spirit of President Trump,
Bessent, Scott
US Treasury Secretary Scott Bessent has expressed the expectation that India will gradually reduce its purchases of Russian energy, citing President Donald Trump's decision to impose a 25% tariff on India for buying Russian oil as a factor in this development. This prediction comes as both the US
Bessent, Scott
US Treasury Secretary Scott Bessent announced after weekend trade talks in Spain that a framework deal has been reached between China and the US regarding the ownership of popular social video platform TikTok. The deal aims to transfer ownership from China's ByteDance to a US-based company, addressing US
Bessent, Scott
President Donald Trump has announced a deal between the United States and China to shift ownership of the popular video app TikTok, averting a nationwide ban. The agreement would make "young people in our Country... very happy!" according to Trump, but he provided no details about the terms.
Bessent, Scott
President Donald Trump on Monday revealed that the United States and China have reached a deal over TikTok, marking a shift in ownership for the popular video app and averting a nationwide ban. The agreement, which would divest ByteDance's majority control of TikTok, is seen as a significant
Bessent, Scott
The United States and China have reached a framework agreement to switch the ownership of TikTok to US-controlled ownership, with the deal to be confirmed in a call between President Donald Trump and Chinese President Xi Jinping on Friday. The development comes as a deadline for ByteDance, the Chinese owner
