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Bessent’s rate warning rattles markets before key U.S. jobs data
The crypto market dropped on Sunday as traders positioned ahead of U.S. jobs data due later this week. Some comments from Treasury Secretary Scott Bessent over the weekend suggested that high interest...
US Fed to resume buying assets early next year to temper financing challenges and unease
The Federal Reserve plans to resume asset purchases early next year to help temper investor unease about the U.S. government’s financing challenges. This comes after the Federal Reserve concluded its ...
Bessent dismisses Wall Street’s market risks warnings in push for Trump’s policies
Scott Bessent, the hedge fund manager from South Carolina, now serving as Donald Trump’s Treasury secretary, has fired back at Wall Street’s constant complaining. Speaking from his office overlooking ...
America’s debt load soars past $38 trillion in record climb
The US government’s gross national debt has crossed $38 trillion, dangerously close to the combined economic valuations of China, India, Japan, Germany, and the United Kingdom. According to the latest...
Trump admin Treasury touts trade deficit reduction due to tariff, spending strategies
The Trump administration’s Treasury claims its tariff strategy and tighter control of government spending are finally working to reduce the country’s massive trade deficit, according to internal analy...
Scott Bessent approves a $20B solo bailout for Argentina’s peso without IMF or international support
US Treasury Secretary Scott Bessent has stepped into a storm that one of his predecessors, Larry Summers, knows all too well. Both men share a similar mission, steadying fragile Latin American currenc...
U.S. budget deficit shrinks to $1.78 trillion as tariffs hit record high
The US budget deficit for 2025 fell slightly to $1.78 trillion n September, down $41 billion from the previous year, after a flood of tariff collections helped cushion the blow of record interest paym...
Accused CEO of Cambodian scam ring linked to Singapore family office
Chen Zhi, the chairman of Prince Holding Group, set up a Singapore family office that claimed special tax perks while allegedly running one of Asia’s largest crypto crime networks. As Cryptopolitan pr...
India pauses Russian oil buys following Trump and Modi talks
Indian refiners are freezing Russian oil deals after President Donald Trump announced that Prime Minister Narendra Modi had agreed to stop taking Russian crude, according to Bloomberg. Trump’s comment...
U.S. won’t ease stance on China despite market swings, Bessent says
Treasury Secretar y Sc ott Bessent made clear on Wednesday that the United States will not back down from its tough position on China just because the stock market has been going up and down. Speaking...
US, Argentina finalize $20 billion swap to stabilize peso reserves
The United States has finalized a $20 billion currency swap agreement with Argentina in one of the Trump administration’s most direct interventions to stabilize a foreign economy since he returned to ...
Trump admin considering offloading parts of $1.6 trillion student loans to private investors
Donald Trump’s administration is now reviewing ways to sell large portions of the government’s $1.6 trillion student loan portfolio to private investors, according to Politico. The talks, which have b...