Tag: Scott Bessent
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U.S. Debt Tops $40 Trillion, Fueling Crisis Warnings
The U.S. national debt surpassed $40 trillion on August 18, according to Treasury Department data, intensifying warnings that unchecked borrowing could trigger an economic...
Analyst Warns Markets Are Underpricing Iran Escalation
Financial adviser deVere Group says markets are mispricing the risk from Washington's escalating campaign against Iran, after Treasury Secretary Scott Bessent vowed economic measures...
Yen Slides Back As Intervention Effects Fade
The yen has erased roughly half its gains from July's coordinated US-Japan intervention, falling back past 159 per dollar, as analysts question whether the...
Bessent’s Week Of Moves Signals Bond Market Alarm
US Treasury Secretary Scott Bessent took three coordinated actions within a week, moves analysts say reveal how seriously Washington is treating a bond-market selloff...
Trump Extends Iran Ceasefire but Keeps Blockade, Tehran Seizes Ships in Hormuz
United States President Donald Trump extended the ceasefire with Iran indefinitely on Wednesday, hours after declaring the Islamic Republic was financially collapsing under the...
