Treasury Secretary Bessent says ‘it’s Main Street’s turn’ after Wall Street grew wealthy for 4 decades

The Myth of Main Street Malaise

C’mon, guess the problem with this recent statement from Treasury Secretary Scott Bessent: “For the last four decades, basically since I began my career in Wall Street, Wall Street has grown wealthier than ever before, and it can continue to grow and do well,” Bessent said at the American Bankers Association’s Washington Summit. But for the next four years, the Trump agenda is focused on Main Street. It’s Main Street’s turn. It’s Main Street’s …

Administration Lie of the Day: “Trump Goaded China into a Bad Position”

Treasury Secretary Bessent is a bad liar. Clowns portray it as 5D chess. Lie of the Day and Hoot of the Day Bessent: “This was driven by the President’s strategy. He and I had a long talk on Sunday and this was his strategy all along. And you might even say that he goaded China into a bad position. It wasn’t a hard message. Don’t retaliate and things will turn out well.” Competing Theories Trump concocts ridiculous definition of “reciprocal” to…

Scott Bessent, the Treasury secretary shaping Trump’s trade war

The former hedge fund manager is being asked to lead negotiations with foreign governments amid America’s self-inflicted hit

Who is Scott Bessent? Here's the gay billionaire and treasury secretary backing Trump tariffs

Scott Bessent may be the first gay Senate-confirmed Cabinet member in a Republican administration, but that's probably not what he'll go down in history for as the stock market continues to tumult. The out 62-year-old Secretary of Treasury was appointed by Donald Trump and confirmed in a Senate vote of 68-29 in January, becoming the first out LGBTQ+ person in the position and one of only a few to ever hold a Cabinet-level position confirmed by t…

Bessent most popular Trump official despite economic uncertainty: Poll - Washington Examiner

EXCLUSIVE — Treasury Secretary Scott Bessent is the most popular member of President Donald Trump‘s administration, despite the economic uncertainty created by the president’s tariffs, according to a new poll. Bessent, the founder of global macro investment firm Key Square Group and a former Soros Fund Management partner, has a net positive approval rating of 14 percentage points, according to the poll conducted by J.L. Partners. Health and Huma…

Treasury Secretary Bessent: Trump Admin Will Take A Close Look At Impediments To Blockchain, Stablecoins'

U.S. Treasury Secretary Scott Bessent has signaled a major policy shift toward fostering innovation in financial technology, saying the Trump administration will "take a close look at regulatory impediments to blockchain, stablecoins and new payment systems." What Happened: The remarks came during his keynote address at the American Bankers Association conference in Washington. The statement marks the clearest indication yet that the U.S. Treasu…