Latest Updates Around The World
The US Secretary of the Treasury Scott Bessant has opened a formal investigation into allegations that Minnesota taxpayers’ money may have been funneled to the Somali terrorist group Al-Shabaab through alleged fraud. Treasury Secretary orders investigation into Minnesota tax dollars On Monday, Bessent shared a message Xciting a report by Christopher F. Rufo alleging that […]
Minister of Finance Scott Bessant said Sunday that “working families” would receive the $2,000 rate checks Donald Trump has proposed, providing the clearest clue yet about who could benefit from the White House plan. Bessent says rate controls target working families “[The dividends] for working families. We will have an income limit,” says Bessent told […]
A new analysis by economist Bob Elliott warns that a “sharp increase in rate-related price increases” will keep inflation “stuck above 3%,” effectively wiping out any disinflationary relief consumers received from falling rents. Tariffs fuel ‘price rises’ while putting pressure on household spending In a substack remarkthe CEO of Unlimited Funds argued that this dynamic […]
Economist Peter Schiff pushed back against the Minister of Finance Scott Bessent comments on US-China trade, saying Beijing’s decision to reduce its dependence on US markets will strengthen its economy, not weaken it. Bessent ‘Has it backwards’ On Wednesday, Schiff said in a post on “Selling to customers who can actually afford to pay is […]
President Donald Trump‘China’s government is likely to take stakes in more companies as a result of China’s latest rare earth export restrictions,’ says finance minister Scott Bessant said Wednesday. Bersent told CNBC said it “wouldn’t be surprised” if the US bought shares in other companies, but only in strategic sectors. “When we get an announcement […]
