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

Bessent warns 'perfect storm' brewing for beef prices, details Trump's $2,000 plan for working families

Treasury Secretary Scott Bessent warns of a "perfect storm" brewing with Biden-era inflation and tariff solutions, as the Trump administration considers sending checks to Americans. Read More

Bessent Says Some ‘Sectors’ Of Economy Are In Recession

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 ... Read More

Treasury Secretary Scott Bessent predicts ‘blockbuster’ year for US economy, relief for workers

Treasury Secretary Scott Bessent predicts 2026 will be a blockbuster year for the U.S. economy, driven by new manufacturing investments and job growth nationwide. Read More

Trump Aides Raise Recession Fears, and Point Fingers at the Fed

Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts. By Alan Rappeport and Colby Smith Alan Rappeport covers the U.S. Treasury Department. Read More

Trump suggests the stock market may fall if the Supreme Court throws out his tariffs. Is he right?

Donald Trump didn’t exactly say that he thought the stock market would crash if the Supreme Court throws out his tariffs. But he came pretty darn close. “I think our economy will go to hell” if that ... Read More

Bessent says high US interest rates may have caused housing recession

Bessent says high interest rates put housing sector into recession Federal Reserve should cut interest rates faster, Bessent says Low-end consumers hit hardest by high mortgage rates, Treasury ... Read More

Treasury Dept. says inflation is running 'above target' as Trump insists there is 'no inflation'

The Treasury Department said Monday that inflation "remained above the target of 2 percent in the third quarter," even as President Donald Trump and administration officials continue to assert that ... Read More

Scott Bessent Says China To Buy 12 Million Tons Of Soybean This Season After Trump-Xi Meeting: Report

Treasury Secretary Scott Bessent on Thursday reportedly stated that China has agreed to purchase 12 million tons of soybeans from the U.S. in the current harvest season. During an interview with Fox ... Read More

Bessent says SNAP food benefits could restart in just days

Treasury Secretary Scott Bessent said on Sunday that food stamp benefits could restart as soon as Wednesday after two federal judges ruled the Trump administration must tap into a contingency fund. Read More