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Bessent says 'not necessarily' a mistake if the Fed hikes again
Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.
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Bessent dines at Cheesecake Factory, slams Obama over Trump joke
Cheesecake Factory has emerged as a campaign talking point before next week's election, with Treasury Secretary Scott Bessent dining there Monday.
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Bessent warns Zelenskyy to 'be very careful' about claims U.S. is throttling Starlink
Starlink, high-speed satellite internet provided by Elon Musk's SpaceX, is critical to Ukraine's defense.
Business
Scott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says
IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.
Business
Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as advisor
Shelton's controversial economic ideas led the Senate to block her nomination to the Fed. Now she's going to be a counselor to the Treasury secretary.
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Treasury yields are 'really, really high' but can come down soon, Bessent's new advisor says
The comments from David Zervos come after the 10-year and 30-year yields marched to 24-year highs in recent days.
Business
Treasury Sec. Bessent, IRS crack down on ETF strategy the wealthy are using to avoid capital gains taxes
The IRS and Treasury issued a warning this week on an ETF strategy wealthy investors have been using to shield capital gains income from taxes.
Business
Treasury sanctions operation targets Iran's auto, rail industries in latest economic attack
"Operation Economic Outcast" was touted by President Donald Trump as Iran's "economic D-Day" when Treasury Secretary Scott Bessent unveiled it in August.
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Treasury Secretary Scott Bessent hires Wall Street economist David Zervos
Zervos is joining the Treasury Department as counselor to Bessent, adding a prominent markets voice to the administration's economic policy team.
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Trump says Scott Bessent won't be AI czar
President Donald Trump said Treasury Secretary Bessent doesn't want to be what the president is calling the "Super Intelligence czar."
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U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit
The deal, which was set to expire in November, will now be extended to Jan. 10, Bessent said, noting the need for Beijing to fulfill more deliverables.
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Iran cancels Baghdad, Muscat flights as US aviation sanctions take effect
Iran official says Baghdad and Muscat airports will not accept Iranian flights from midnight on Wednesday.
Business
Trump administration is examining whether a diesel export ban is feasible, Treasury secretary says
Republican lawmakers have called for an export ban as high diesel prices hit farmers and truckers ahead of the November midterm elections.
Business
Oil prices fall for fifth day after Trump says U.S. met with Iran for three hours
Oil prices reversed early gains on Tuesday amid optimism that prospects for a diplomatic solution to the U.S.-Iran war are improving.
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Iran reportedly says it can reopen Strait of Hormuz within 7 days if U.S. eases military pressure
The reports raised hopes of renewed U.S.-Iran diplomacy, with U.S. stock futures mixed and oil prices lower.
Business
Trump admin won't give AI leaders a 'liability shield,' Bessent tells CNBC
Bessent spoke with CNBC's "Squawk Box" about AI safety concerns and this week's summit between Chinese President Xi Jinping and President Donald Trump.
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Bessent calls meeting with China Vice Premier He Lifeng 'successful' ahead of Trump-Xi summit
Treasury Secretary Scott Bessent said his meeting with Chinese Vice Premier He Lifeng was "successful" ahead of the Sept. 24 Trump-Xi summit.