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Scott Bessent

Scott Bessent

United States Secretary of the Treasury

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Profile details

United States Secretary of the Treasury (2025–)

Born1962-08-21 · Conway, South Carolina
PartyRepublican
Offices
  • United States Secretary of the Treasury2025-01-28–presentPreceded by: Janet Yellen
  • Acting Commissioner of Internal Revenue2025-08-08–2026-03-06Preceded by: Billy Long
  • Acting Director of the Consumer Financial Protection Bureau2025-02-03–2025-02-07Preceded by: Zixta Martinez · Succeeded by: Russell Vought
EducationYale University (BA)

Wikipedia

Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons

Statements

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Related reports

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EconomyYen holds near 160 as Bessent pressures BOJ and bonds sell off

The yen steadied near 160 per dollar on Tuesday after U.S. Treasury Secretary Scott Bessent intensified pressure on the Bank of Japan to raise rates this month. Investors remained cautious as bonds sold off following renewed attacks in the Gulf.

yenBank of Japanbond market

RReutersOriginal★★★☆☆2026-09-01 05:25

Yen holds near 160 as Bessent pressures BOJ and bonds sell off
Yen holds near 160 as Bessent pressures BOJ and bonds sell off

PoliticsBessent reportedly says no economic relief for Russia until Ukraine war ends as Europe snubs Moscow at G20

Scott Bessent reportedly told Russia that it would receive no economic relief until the war in Ukraine ends. The meeting highlighted Washington’s willingness to reopen diplomatic talks with Moscow, while Europe intends to isolate Russia as the war continues.

RussiaUkraine warG20diplomacy

CCNBCOriginal★★★★☆2026-09-01 03:22

Bessent reportedly says no economic relief for Russia until Ukraine war ends as Europe snubs Moscow at G20
Bessent reportedly says no economic relief for Russia until Ukraine war ends as Europe snubs Moscow at G20

EconomyBessent Faces G20 Credibility Test

US Treasury Secretary Scott Bessent’s interventionist approach this summer has drawn pushback and raised questions about his credibility in financial markets. As G20 finance ministers prepare to meet Monday in Asheville, North Carolina, Bessent has pledged to refocus the discussion among leading economic policymakers on boosting growth.

Scott BessentG20financial marketseconomic growth

BBloomberg TelevisionOriginal★★★★☆2026-08-31 21:51

Bessent Faces G20 Credibility Test
Bessent Faces G20 Credibility Test

EconomyBessent pushes back on Druckenmiller critique of bond intervention

At a G20 finance meeting, Bessent told CNBC that he spoke with Stanley Druckenmiller after Druckenmiller published a critical op-ed. Bessent said the conversation went “fine.”

U.S. Treasurybond marketsG20

CCNBCOriginal★★★☆☆2026-08-31 17:25

Bessent pushes back on Druckenmiller critique of bond intervention
Bessent pushes back on Druckenmiller critique of bond intervention

EconomyIran could face economic collapse in months, US Treasury’s Bessent warns

US Treasury Secretary Scott Bessent says Iran is taking new US sanctions seriously and that its economy could collapse within weeks or months. He says the pressure campaign aims to push Tehran toward negotiations and signals that Washington may impose further sanctions each week. Markets have fallen amid rising US-Iran tensions.

US sanctionsIran economyScott BessentG20

AAl JazeeraOriginal★★★★☆2026-08-31 17:04

Iran could face economic collapse in months, US Treasury’s Bessent warns
Iran could face economic collapse in months, US Treasury’s Bessent warns

EconomyBessent Talks With Druckenmiller, Touts Treasury Outperformance

Treasury Secretary Scott Bessent said he spoke with Stanley Druckenmiller after his former mentor criticized his recent intervention in the bond market. Bessent also said Treasuries may have outperformed because of that same action.

US Treasuriesbond marketUS Treasury

BBloomberg NewsOriginal★★☆☆☆2026-08-31 17:00

Bessent Talks With Druckenmiller, Touts Treasury Outperformance
Bessent Talks With Druckenmiller, Touts Treasury Outperformance

PoliticsBessent says US sanctions aim to get Iran to ‘come to the table’ as G20 summit begins

US Treasury Secretary Bessent says Washington’s sanctions on Iran are intended to force Tehran to “come to the table.” He wants other countries to help isolate Iran and compel its capitulation in a war that has recently passed the six-month mark.

US sanctionsIranG20diplomacy

TTRT WorldOriginal★★★★☆2026-08-31 17:00

Bessent says US sanctions aim to get Iran to ‘come to the table’ as G20 summit begins
Bessent says US sanctions aim to get Iran to ‘come to the table’ as G20 summit begins

WorldU.S. and Russian finance chiefs discuss Ukraine war and economic cooperation at G20

U.S. Treasury Secretary Scott Bessent met Russian Finance Minister Anton Siluanov at the G20 finance ministers’ summit in Asheville, North Carolina. Reports said they discussed Donald Trump’s plan to end the Russia-Ukraine war and possible economic cooperation. European governments objected to Siluanov’s attendance; he ultimately skipped the traditional group photo. It was his first in-person G20 meeting since Russia’s full-scale invasion of Ukraine.

U.S.-Russia relationsG20Ukraine wareconomic cooperation

MMeduzaOriginal★★★★☆2026-08-31 16:56

U.S. and Russian finance chiefs discuss Ukraine war and economic cooperation at G20
U.S. and Russian finance chiefs discuss Ukraine war and economic cooperation at G20

WorldBessent says Iran is lashing out amid sanctions

U.S. Treasury Secretary Scott Bessent said Iran is taking U.S. sanctions seriously and is lashing out as mounting pressure weighs on its economy.

U.S. sanctionsIraneconomic pressure

RReutersOriginal★★★☆☆2026-08-31 15:22

Bessent says Iran is lashing out amid sanctions
Bessent says Iran is lashing out amid sanctions

EconomyBessent Faces Credibility Test Selling ‘American Growth Agenda’ to G20

US Treasury Secretary Scott Bessent’s interventionist actions this summer have already prompted pushback and raised questions about his credibility in financial markets. He now faces a test among global peers.

Scott BessentG20US growth agenda

BBloomberg NewsOriginal★★★☆☆2026-08-31 12:00

Bessent Faces Credibility Test Selling ‘American Growth Agenda’ to G20
Bessent Faces Credibility Test Selling ‘American Growth Agenda’ to G20
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