The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
Category: Bessent, Scott
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Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win
The New York Times – Business: -
Bessent Settled Tax Issue That Had Put Him at Odds With I.R.S.
The New York Times – Business:The Treasury Secretary had previously taken a position on his taxes that contradicted the views of the tax agency that he now oversees.
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Could A.I. Safety Risks Derail the Sector’s I.P.O. Prospects?
The New York Times – Business:Big liability questions lie ahead for the artificial intelligence labs Anthropic and OpenAI as they push ahead with plans to go public.
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Bessent ‘Inadvertently’ Failed to Report Holdings of JPMorgan Stock
The New York Times – Business:Treasury Secretary Scott Bessent’s finances were reviewed by the inspector general after Mr. Bessent incorrectly listed at least $100,000 of the stock, which was owned by his husband, as cash.
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Trump and Xi to Discuss A.I. Risks and Competition at US-China Summit
The New York Times – Business:Artificial intelligence is on the agenda when leaders from the United States and China meet this week. But with little consensus on a path forward, expectations are limited.
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What’s Behind Bessent’s Boasts About the U.S. Bond Market
The New York Times – Business:By one measure, U.S. government bond markets have posted negative returns, but markets in others countries have experienced steeper losses.
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Bessent and China Hail Progress on A.I. Talks. Now Comes the Hard Part.
The New York Times – Business:Artificial intelligence and more are expected to be big issues at this week’s summit between President Trump and Xi Jinping, China’s top leader.
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U.S. and China Discuss System to Warn of A.I. National Security Issues
The New York Times – Business:In a meeting on Sunday, the U.S. Treasury secretary and China’s vice premier talked about having a shared vision on the goals of artificial intelligence and the threats it poses.
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Japan Raises Interest Rates to 31-Year High Under U.S. Pressure
The New York Times – Business:The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.
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Bessent and Warsh Take On the Bond Bears
The New York Times – Business:The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.
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Federal Employees Were Paid $9.5 Billion Not to Work in 2025 Under DOGE Effort
The New York Times – On the Runway:As part of the Department of Government Efficiency’s program to shrink the federal work force, paid administrative leave costs rose by 435 percent.