Bessent: ‘Help is on the way’ on gas prices

Treasury Secretary Scott Bessent said Monday that “help is on the way” when it comes to gas prices, with a gallon of regular ...

U.S. Treasury will have to borrow $2 trillion this year just to continue functioning—more than $166 billion every month

"Markets will only tolerate our unsustainable borrowing for so long; the risk of a fiscal crisis gets higher as the days pass ...

Bond traders on watch for Bessent to signal more debt is needed to finance deficit

An increase in long-term debt could lead to higher yields, worsening the interest burden for the government.
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Bessent to meet Japan leaders as US deficit tops $2T

U.S. Treasury Secretary Scott Bessent will visit Japan next week for talks with the prime minister, finance minister, and central bank governor on currency markets and economic security. The trip ...

Bessent says ‘more and more’ ships moving through Strait of Hormuz, could ease oil price pressure

Scott Bessent suggests the U.S. will retake Strait of Hormuz control, promising freedom of navigation to help stabilize global oil supply and costs.