Bessent mocks Newsom at Davos
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Denmark, Scott Bessent and Is Irrelevant
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California Gov. Gavin Newsom (D) went after Treasury Secretary Scott Bessent over comments he made about the Golden State governor in which he likened him to “American Psycho” character Patrick Bateman.
Scott Bessent said US defense contractors are facing new restrictions because they "need to build more factories and buy back less stock."
Imports of oil from Indian refiners have boomed since the European Union curbed its direct purchases of energy fuels from Russia. Traders have taken advantage of a so-called “refining loophole” in the sanctions regime, by selling on oil products to Europe which are made from Russian crude then refined in India.
Treasury Secretary Scott Bessent said the refunds Americans get could be thousands of dollars per household.
“Denmark’s investment in U.S. Treasury bonds, like Denmark itself, is irrelevant," said Scott Bessent.
As the nation’s central bank, the Federal Reserve plays a critical role in the U.S. economy. But Treasury Secretary Scott Bessent is sounding the alarm about how the institution is being run — and is taking direct aim at its chair, Jerome Powell.
Treasury Secretary Scott Bessent alleged Wednesday at the World Economic Forum (WEF) that referred Federal Reserve Chairman Jerome Powell has
Treasury Secretary Scott Bessent faced backlash over a video clip in which he suggests that some retiring Americans have purchased “five, 10, 12 homes.” Bessent spoke with Fox Business host Maria Bartiromo at the World Economic Forum Tuesday when he discussed President Donald Trump’s ban on large institutional investors buying single-family homes.