If Elon Musk or his DOGE team were to attempt to block federal payments, it would likely face legal challenges given the ...

Sen. Elizabeth Warren (D-Mass.) sent a letter to Treasury Secretary Scott Bessent Monday demanding to know what access Elon ...

Donald Trump and Elon Musk could use sensitive Treasury information to punish their enemies — or they could break America’s payment system entirely.

In 2015, Bessent founded the hedge fund Key Square Management. [7] The confirmation process includes several rounds of investigation and review, beginning with the submission of a personal financial ...

U.S. Treasury yields have soared over the past week, propelling the rate on the 10-year note BX:TMUBMUSD10Y to the brink of the 5% mark rarely seen since the global financial crisis. Back To Top ...

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Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. From reproductive rights to climate change to Big Tech, The ...

Scott Bessent, President-elect Trump's nominee to lead the Treasury Department, sparred with Sen. Bernie Sanders, I-Vt., over whether the U.S. is heading toward an oligarchy. On Wednesday ...

WASHINGTON (AP) — U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an ...

President-elect Donald Trump's pick to be treasury secretary, Scott Bessent fielded sharp questions Thursday at his confirmation hearing from Democrats and Republicans on tax policy, tariffs ...

WASHINGTON — U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an Internal ...

Copyright 2025 The Associated Press. All Rights Reserved. The billionaire money manager from South Carolina, Scott Bessent, takes questions from members of the Senate ...