EconomyBeware Bessent’s shift towards short-term debt
If inflation and debt increase while optimism about AI fades, the risks of shortening Treasury maturities will grow.
United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
|---|---|
| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

U.S. Treasury Secretary Scott Bessent said the United States and China should recognize their differences over artificial intelligence while exploring cooperation to reduce its risks and competing for AI supremacy.
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Reuters

Treasury Secretary Scott Bessent holds a press conference for a fraud task force in St. Cloud, Minnesota.
TThe White House

US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
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Reuters

Treasury Secretary Scott Bessent discusses economic sanctions on Iran and Russia, maritime tensions in the Gulf of Oman and Treasury policies criticized by Democratic politicians on 'Fox & Friends Weekend.'
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Fox News

Treasury Secretary Scott Bessent discusses U.S. industry growth under the Trump administration, socialism and efforts to reduce nickel production costs on “The Ingraham Angle.”
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Fox News

Scott Bessent said the U.S.-China trade truce will be extended to Jan. 10, beyond its planned November expiration. He said the extension reflects the need for Beijing to complete additional deliverables as Xi Jinping begins a state visit.
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CNBC

Scott Bessent, the U.S. Treasury secretary, said Wednesday that the United States and China had reached an accord to maintain the “Busan agreement” until January.
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Reuters

Treasury Secretary Scott Bessent said the United States and China agreed to extend their trade truce through Jan. 10. The arrangement had been scheduled to expire in November.
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NBC News

Treasury Secretary Scott Bessent discusses US-China relations as Chinese President Xi Jinping arrives in Washington, along with artificial intelligence and Iran.
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Fox News

Bloomberg News Now rounds up today’s top stories, including Bessent’s description of talks as “very successful,” a meeting between Trump and Mamdani, and other global business news. The report is updated throughout the day.
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Bloomberg News
Reports that mention this person, by story.
If inflation and debt increase while optimism about AI fades, the risks of shortening Treasury maturities will grow.
Treasury Secretary Bessent addressed financiers at a charity event where tickets cost $7,500, shrugging off what were described as “systemic” AI risks.
After Treasury Secretary Scott Bessent unexpectedly increased purchases of older securities in August, catching Wall Street traders off guard, they are preparing for further intervention. Potential clues may emerge Friday as the department readies an update to its debt management plans in November.
US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
IMF chief Kristalina Georgieva said Scott Bessent’s reliance on growth will not reduce the U.S. deficit and $40 trillion debt quickly enough, and called for fiscal consolidation.

Treasury Secretary Scott Bessent discusses economic sanctions on Iran and Russia, maritime tensions in the Gulf of Oman and Treasury policies criticized by Democratic politicians on 'Fox & Friends Weekend.'

US Treasury Secretary Scott Bessent will miss next week’s annual IMF and World Bank meetings in Bangkok, Thailand, because of domestic engagements, a US official said Friday.
Judy Shelton is joining Scott Bessent’s team at Treasury as an adviser, with China designated as a particular area of attention, the department said Friday. Donald Trump had earlier selected her as his choice for the Federal Reserve Board.
Treasury Secretary Scott Bessent discusses U.S. industry growth under the Trump administration, socialism and efforts to reduce nickel production costs on “The Ingraham Angle.”

Treasury Secretary Scott Bessent’s view that economic growth paired with spending restraint can bring down the federal deficit is drawing skepticism from market strategists, who point to the scale of current US borrowing.