Treasury Secretary Scott Bessent's toughest negotiating partner is Congress, and the contest is his race to finance the national debt.

Treasury Secretary Scott Bessent told lawmakers he would like to remain in his seat until 2029, but he also did not dismiss the possibility of becoming the next chair of the Federal Reserve.

Reports that the White House is considering naming Treasury Secretary Scott Bessent as the next chair of the Federal Reserve have raised eyebrows and speculation in Washington — especially in an administration with a penchant for assigning cabinet secretaries multiple jobs.

At the heart of the debate over Bessent's appointment is the thorny question of the central bank's independence. Trump has never concealed his frustration with Powell, whom he appointed in 2017, for his reluctance to lower interest rates in the face of tariff uncertainty.

Paul Tudor Jones said President Donald Trump is likely to appoint an “uber dovish” Federal Reserve chair to accommodate his growth agenda, contending that Treasury Secretary Scott Bessent would likely be his pick when Jerome Powell’s term ends next year.

Treasury Secretary Bessent warns Gov. Newsom that withholding federal tax payments over Trump's proposed transgender athlete fines would constitute tax evasion.

Treasury Secretary Scott Bessent insisted Thursday that tariff are not taxes, defying the widely accepted economic and financial definition of President Trump’s top trade tool. In an

El secretario del Tesoro, Scott Bessent, se abstuvo de argumentar si la legislación fiscal que los republicanos están tratando de aprobar en el Congreso aumentará o no la carga de deuda.