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Scott Bessent, Musk and Treasury
Bessent Says Musk’s DOGE Isn’t Altering Treasury Data
US Treasury Secretary Scott Bessent said he personally vetted a senior Treasury employee on Elon Musk’s government efficiency team who has read-only access to federal payment data, and that there’s been no “tinkering” with the department’s payment systems.
US Treasury's payment system 'not being touched' by Musk's DOGE, Bessent says
The U.S. Treasury's payment system won't be touched by Elon Musk's government efficiency team, Treasury Secretary Scott Bessent told Fox Business on Wednesday, adding that any decisions to stop payments would be made by other agencies.
Bessent sets record straight, says DOGE members are Treasury employees
U.S. Treasury Secretary Scott Bessent cleared up all the “misinformation” about the access the Department of Government Efficiency (DOGE) “team” has reportedly had in the federal government. […]
Democrats demand Bessent meeting over DOGE ‘chaos’ at Treasury
Senate Democrats on Wednesday demanded Treasury Secretary Scott Bessent attend a meeting with the Democratic Caucus “as soon as possible” to answer questions about the Department of
Scott Bessent on Musk, DOGE, Privacy, Dollar, Fed
US Treasury Secretary Scott Bessent says Elon Musk and his government efficiency team are not "tinkering" with any federal payment data. He says the group does important work. Bessent also talks about the strength of the US dollar,
Treasury, Fed and Bessent
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.
Bessent's focus on 10-year US Treasury yield may let Fed off the hook
The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market constraints that could impede President Donald Trump's economic plans, while also getting the Federal Reserve out of his direct line of fire.
Here is Bessent's best play to coax 10-year Treasury yields lower, BCA says
It's the budget. Treasury Secretary Scott Bessent said earlier this week that the Trump administration wants to focus on lowering borrowing costs by getting the 10-year Treasury yield down, not by pressuring the Federal Reserve to cut short-term rates.
19h
on MSN
Bessent Misled Congress About DOGE Access, Senate Democrat Says
Senator Ron Wyden on Friday accused the Treasury Department of misleading Congress about the level of access into sensitive ...
New York Sun
19h
The Trump-Bessent Dollar
The Treasury secretary underscores the challenge of ‘credibility’ when it comes to the value of a fiat currency.
4d
on MSN
Bessent Takes Helm of Consumer Finance Watchdog, Orders Halt to Work
Treasury Secretary Scott Bessent is ordering a freeze to work at the Consumer Financial Protection Bureau, after being named ...
1d
Rates Spark: Bessent And Payrolls Key As We End A Tumultuous Week
Tariff threats switched on and off, Bessent laser focussed on the 10yr yield, and next up is payrolls. We saw tightening ...
1d
on MSN
How Bessent Could Solve the Debt Problem: 3-3-3, DOGE, and a Dose of ‘Repression’
Interest expense is the fastest-growing and most nettlesome part of the federal budget, now exceeding military spending.
Stars and Stripes
2d
Bessent’s Treasury sticks with Yellen-era long-term debt plan
The U.S. Treasury on Wednesday maintained its guidance on keeping sales of longer-term debt unchanged well into 2025, despite ...
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