EconomyScott Bessent’s Rosy Forecasts Put His Credibility at Risk
US Treasury Secretary Scott Bessent risks boxing himself in with his predictions about gasoline prices, the housing market and the economy, potentially undermining his credibility.
United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
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| 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.
US Treasury Secretary Scott Bessent risks boxing himself in with his predictions about gasoline prices, the housing market and the economy, potentially undermining his credibility.
The US Treasury Department has warned Wall Street that authorities are moving to curb some of the most aggressive investment strategies investors use to reduce their tax bills.
David Zervos is joining the Treasury Department as counselor to Secretary Scott Bessent, bringing a prominent markets voice to the administration’s economic policy team.

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.

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.
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.

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

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.
Bloomberg News Now’s audio report highlights the day’s top stories, including Trump’s statement that he will name an AI czar and a Sunday meeting involving Bessent.
A person familiar with Scott Bessent’s plans said the US Treasury secretary intends to meet China’s Vice Premier He Lifeng in New York this weekend. The planned discussion would cover artificial intelligence, trade, rare earths and economic matters.