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Scott Bessent, Trump and Social Security

Bessent calls Trump baby accounts 'backdoor for privatizing Social Security'

U.S. Treasury Secretary Scott Bessent on Wednesday likened new savings accounts in a bill President Donald Trump this month signed into law to "a backdoor for privatizing Social Security," speaking at an event sponsored by Breitbart.

The Associated Press on MSN · 12m

Bessent says child savings accounts in Trump law are ‘a back door for privatizing Social Security’

The GOP’s “big, beautiful bill,” as the law is called, created a new children’s savings program, Trump Accounts, which can be created for babies born in the U.S. and come with a potential $1,000 deposit from the Treasury.

HuffPost on MSN · 2h

Scott Bessent Calls New Tax Policy 'Backdoor For Privatizing Social Security'

U.S. Treasury Secretary Scott Bessent on Wednesday described the tax bill President Donald Trump signed into law this month as a way of eventually privatizing Social Security.

US warned China on purchasing Russian oil, Bessent says

AOL · 10h

No deal on China tariffs until Trump agrees, says Bessent

President Trump has long complained about the trade deficit with China, which last year saw the US buy $295bn (£221bn) more goods from China than the other way round. US Trade Representative Jamieson Greer said the US was already on track to reduce that gap by $50bn this year.

Reuters · 22h

The US warned China on purchasing Russian oil, Bessent says

U.S. Treasury Secretary Scott Bessent on Tuesday (July 29) said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress,

Yahoo · 16h

US warns China 'should be ready' to face 100% tariffs over Russian oil purchases

"I think anyone who buys sanctioned Russian oil should be ready for this," U.S. Treasury Secretary Scott Bessent said.

For Bond Dealers, It’s All About Bills at Bessent’s Treasury

Since Scott Bessent took the Treasury’s helm in January, bond dealers have done a 180 on the key question about his issuance ...

Bessent tells countries don’t ‘panic’ if trade deals aren’t made before tariff deadline, insists US has leverage over China

The Treasury head said recent trade deals announced by the US — including with the European Union and Japan — created a “lot ...

1don MSN

Bessent to American businesses: ‘Not the end of the world' if April 2 tariffs kick in

Top Trump administration officials insist that the Aug. 1 deadline is not changing, even as dozens of countries’ trade ...

Bessent Says ‘No Rush’ to Choose Successor to Fed’s Powell

Treasury Secretary Scott Bessent said that there’s “no rush” to identify a successor to Federal Reserve Chair Jerome Powell, ...

2don MSN

Trump and Bessent Bring New Style to Managing America’s Debt

The president and the Treasury secretary have said they will wait for rates to fall before issuing longer-term bonds.

8don MSN

Bessent backs Fed independence on rates amid Trump criticism

Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve after getting caught in the ...

10hon MSN

Treasury Refunding Announcement: How Bessent Plans to Finance U.S. Debt

The Treasury on Wednesday said it plans to continue selling the same amount of longer-term U.S. debt in the current quarter ...

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