Trump considers naming Fed Chair replacement early to pressure rate cuts, with Kevin Warsh and Scott Bessent among top contenders for the position.

The shocking conclusion of the Trump administration’s investigation into Epstein has already produced stark schisms within ...

On the other, a cohort of fast-money global investors who are worried about rising government debt loads around the world and wield the power to send borrowing costs surging if their confidence is ...

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, ...

A native of South Carolina, Bessent is a graduate of Yale University. Treasury secretary is a Senate-confirmed position. Janet Yellen is the current treasury secretary under President Biden.

Treasury Secretary Scott Bessent downplays his feud with Elon Musk, emphasizing their shared goal of reducing government waste and fraud.

He also joked that he would “take South Carolina over South Africa any day,” referring to his home state and Musk’s home country. The Tesla chief left the White House in late May.

The Treasury Secretary did say he would take South Carolina over South Africa any day.

Treasury Secretary Scott Bessent denied claims that he called Elon Musk a “fraud” and rejected the reports of a physical altercation with Musk.

The big shock comes from how handily Scott beat his opponent. Wheeler ran unopposed in four of his five elections, but the one year he had a Republican opponent (2022), Wheeler won by about 20 ...

But after initial donations to the Republican primary campaigns of Sen. Tim Scott of South Carolina and Florida Gov. Ron DeSantis, Bessent made his early call on Trump.