Supreme Court, Scott Bessent and tariffs
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Treasury Secretary Scott Bessent promised that voters would feel the effects of the economic measures President Donald Trump is taking to alleviate the cost of living before next year’s midterm elections,
Treasury Secretary Scott Bessent on Wednesday said he’s “very optimistic” about the administration’s chances in the case challenging the president’s global tariffs, speaking to Fox Business at the White House after he attended oral arguments at the Supreme Court.
Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his call for Fed cuts to lower mortgage rates.
Treasury Secretary Scott Bessent said Sunday he believes some sectors of the economy are in a recession or at risk of one, blaming the Federal Reserve for not cutting interest rates fast, just one day after newly appointed Federal Reserve Governor Stephen Miran warned of high interest rates triggering a recession in an interview with The New York Times.
Demand has shrunk in recent months because of ongoing affordability issues keeping homebuyers to the sidelines of the market, including stubbornly elevated borrowing costs, high prices and property taxes, and rising home insurance premiums and homeowners associations (HOA) fees.
At least 42 million Americans could begin receiving SNAP benefits by the middle of the week, Treasury Secretary Scott Bessent said Sunday.
Treasury Secretary Scott Bessent pointed out Sunday on CNN’s “State of the Union” the administration’s cutback on government spending as
Treasury Secretary Scott Bessent said that he's reached a "substantial framework" for trade talks between the U.S. and China.
Senate Democrats are pushing the Trump administration for more information on US efforts to prevent American private equity and venture capital firms from bankrolling advances by China and other adversaries in key technologies including artificial intelligence and quantum computing.
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