Treasury secretary warns U.S. could enter “detox period” | The Excerpt
Plus: President Donald Trump threatens Russia with sanctions. American liquor, wine and spirits pulled from Canadian shelves in response to tariffs.
Treasury secretary dismisses market volatility amid Trump economic moves
Treasury Secretary Scott Bessent said market volatility doesn't matter much as the Trump administration focuses on long-term economic success.
US Treasury's Bessent says economy may slow in shift away from public spending
U.S. Treasury Secretary Scott Bessent said the U.S. economy may go into a "detox period" as it reached a more sustainable equilibrium.
Trump treasury secretary warns of 'detox period' slowdown for US economy
Treasury Secretary Scott Bessent warned the U.S. economy could enter a "detox period" as the administration shifts from robust government spending.
Treasury Secretary Bessent says he’s not concerned about the current stock market volatility
Treasury Secretary Scott Bessent on Thursday played down the recent weakness in the stock market, saying the White House was focused on the long term. “I’m not concerned about a little bit of volatility over three weeks,
Treasury Secretary Bessent: A ‘detox’ period for the economy does not have to be a recession
U.S. Treasury Secretary Scott Bessent joins ‘Squawk Box’ to discuss the state of the economy, how the Trump administration is approaching debt reduction, and more.
Scott Bessent says the White House doesn’t care about stock market volatility
Treasury Secretary Scott Bessent made it clear on Thursday that the Trump administration isn’t concerned about stock market swings. Speaking on CNBC’s “Squawk on the Street,” Bessent said the White House is focused on long-term economic growth,
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US treasury secretary says he is ready to strengthen sanctions against Russia if necessary
US Treasury Secretary Scott Bessent said on Thursday 13 March that he was ready to significantly strengthen sanctions against ...
US Treasury, Trump score a huge win for Main Street
Treasury Department put out a press release that could save tens of millions of small businesses from being treated like ...
Treasury Secretary Scott Bessent shrugs off Wall Street’s Trump tariff ‘selloff’
Bessent told Fox & Friends that the commander-in-chief’s top priority is living the living standards of ordinary Americans ...
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Trump’s Treasury Secretary claims cheap goods are ‘not the essence of the American Dream’
Scott Bessent, United States Secretary of the Treasury, speaks at an Economic Club of New York. He said ‘cheap goods is not the essence of the American Dream’ (AP) “To the extent that ...
US private funds ask SEC to rethink Gensler-era rules
The Managed Funds Association, a private fund industry group, has urged the U.S. Securities Exchange Commission (SEC) to ...
JD Supra12d
SEC approves extension of Treasury clearing compliance dates
On Tuesday, February 25, 2025, the Securities and Exchange Commission (SEC) issued a one-year extension of the compliance dates for its ...
US Treasury Sec. Bessent: We don't get a recursive Biden-flation
In an interview with Breitbart News Network on Friday, US Treasury Secretary Scott Bessent said, "we don't get a recursive Biden-flation,” per Reuters. We're very vigilant about inflation, it could ...
US Treasury confirms expiration of Russian energy financing license
The U.S. Treasury on Thursday confirmed that a license allowing a wind-down of energy transactions with Russian financial ...