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Tag: Scott Bessent

Ukraine Signs Rare Earth Minerals Agreement with U.S.
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Approved, Breitbart, National

Ukraine Signs Rare Earth Minerals Agreement with U.S.

By Elizabeth Weibel | Breitbart Treasury Secretary Scott Bessent announced that Ukraine has signed a “historic economic partnership agreement” with the United States that establishes the United States-Ukraine Reconstruction Investment Fund and allows the U.S. access to Ukraine’s rare earth minerals. In a press release from the Department of the Treasury, Bessent praised President Donald Trump’s “tireless efforts to secure a lasting peace” in the war between Ukraine and Russia. “Thanks to President Trump’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund,” Bessent said in a statement. “As the Pres...
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Donald Trump, Scott Bessent reveal which country could be close to making trade deal
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Approved, National, The Daily Caller

Donald Trump, Scott Bessent reveal which country could be close to making trade deal

By Harold Hutchison | Daily Caller President Donald Trump and Secretary of the Treasury Scott Bessent said on Thursday that negotiations over a potential trade agreement with South Korea are making progress. Trump announced a 90-day pause on reciprocal tariffs via an April 9 post on Truth Social that also announced substantial increases on tariffs on Chinese exports to the United States, a week after he initially unveiled the duties on imports. Bessent said that the talks with South Korea had gone “faster” than he expected.  “Yes, I will,” Trump said when asked if he would be meeting world leaders while in Italy to attend the funeral of Pope Francis. “I would like to meet them all. That would be nice. I would like to take care of all of them. Many of them there. They all want to m...
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Over 100 countries have approached US ‘wanting to help rebalance global trade’: Treasury’s Bessent
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Approved, Fox Business, National

Over 100 countries have approached US ‘wanting to help rebalance global trade’: Treasury’s Bessent

By FOX Business Team , Christina Shaw and Stephen Sorace | Fox Business Treasury Secretary Scott Bessent said on Wednesday that more than 100 countries have approached the U.S. "wanting to help rebalance global trade" in response to President Donald Trump's tariff announcements. "These countries have responded openly and positively to the president's actions to create a more balanced international system," Bessent said at the Institute of International Finance. "We are engaged in meaningful discussions, and look forward to talking with others." READ THE FULL STORY AT FOX BUSINESS
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Trump directs Treasury Secretary Scott Bessent to ‘stop producing new pennies’
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Approved, Breitbart, National

Trump directs Treasury Secretary Scott Bessent to ‘stop producing new pennies’

By Elizabeth Weibel | Breitbart President Donald Trump announced he had instructed Treasury Secretary Scott Bessent to have the Treasury Department stop making new pennies, explaining that it costs more than two cents to make them. “For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump wrote in a post on Truth Social. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if it’s a penny at a time.” Trump’s post comes after Elon Musk’s Department of Government Efficiency (DOGE) wrote in a post on X in January that the penny costs more than three cents to make and cost American taxpayers “over $179 million in FY2023.” READ TH...
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Trump’s Treasury pick Scott Bessent says ‘spending is out of control’
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The Center Square, Approved, National

Trump’s Treasury pick Scott Bessent says ‘spending is out of control’

By Brett Rowland | The Center Square President-elect Donald Trump's nominee to lead the Treasury Department said federal spending is "out of control." Scott Bessent, an investor and hedge fund manager, testified Thursday before the U.S. Senate Finance Committee.  "We do not have a revenue problem in the United States of America. We have a spending problem," Bessent said. "This is one of the things that got me out from behind my desk and my quiet life in this campaign, was the thought that this spending is out of control." The U.S. national debt stands at more than $36 trillion and is expected to surpass $37 trillion later this year. Experts and federal authorities, including the U.S. Government Accountability Office, have warned for years that federal spendi...
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Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
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Approved, Fox Business, National

Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office

By Eric Revell , Sarah Rumpf-Whitten , Louis Casiano  | Fox Business President-elect Trump nominated Scott Bessent to serve as Treasury Department secretary once he returns to the White House in January. In a statement on Friday, Trump highlighted Bessent's expertise. "I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," he said. "Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists. Scott’s story is that of the American Dream." READ THE FULL STORY AT FOX BUSINESS
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