Economy News Trump Ally Bessent Says Stocks Will Fall On ‘precarious’ Economy

Trump announces plan to rescind Biden-era fuel-economy standards for vehicles

President Donald Trump on Wednesday unveiled plans to rescind fuel-economy standards for vehicles put in place under the Biden administration. “These policies forced automakers to build cars using ... Read More

Treasury Secretary Bessent predicts 3% GDP growth as Trump preps economy tour: ‘We’re fixing it’

WASHINGTON — Treasury Secretary Scott Bessent has predicted the US will end the year “with 3% real GDP growth” — as President Trump prepares a national tour to tout his economic successes before the ... Read More

Trump administration rolls back fuel economy standards

The Trump administration has started the process of dramatically easing fuel economy requirements for new vehicles, part of the administration's broader pivot away from cleaner cars. At the White ... Read More

Bessent says US economy is strong as holiday spending surges

Treasury Secretary Scott Bessent said Sunday that the holiday shopping season has been “very strong” so far and predicted that the U.S. economy will end the year on solid footing. “The economy has ... Read More

Bessent says US 'going to finish the year' with 3% GDP growth despite government shutdown

Treasury Secretary Scott Bessent said he expects the U.S. to end the year with a better-than-expected 3% gross domestic product (GDP) growth. Bessent appeared Sunday on CBS News' "Face the Nation" and ... Read More